Mergers and Acquisitions
Our consultants have completed over 100 M&A assignments, with roles including:
- Lead advisor on small, medium and large merger and capital raising projects
- Due diligence support including appraisal valuation advice and data room support
- Determining prospective companies for M&A activity
- Connecting buyers and sellers on both cross border and domestic deals
Some examples of M&A assignments completed:
- Bringing together foreign buyers and local sellers in multiple successful
transactions
- Advising buyers on acquisition targets, arranging meetings, valuation and
negotiation advice
- Leading multiple merger discussions for insurers seeking license approvals in
new markets
- Preparation of strategic feasibility studies and detailed business plans
- Appraisal valuations of over 100 general insurers and reinsurers across
Asia-Pacific
IFRS 17
International Financial Reporting Standard 17 (IFRS 17) is a new reporting standard issued by
the International Accounting Standards Board (IASB) in May 2017. It sets out the guidelines
for the accounting and reporting of insurance contracts, and it is effective on January 1,
2023.
JPWALL is experienced in providing support to insurers on IFRS 17 implementation.
Some of the services we provide include:
- Interpretation of guidelines
- Drafting (or review) of technical and position paper
- Gap analysis
- Internal model construction
- Financial impact assessment
- Assessment of Liabilities on an IFRS 17 basis
- Support in transition to IFRS 17
- Providing insights on market best practices
Reserving and RBC
JPWALL is the largest provider of actuarial reserving certifications across Asia
Pacific. Our consultants have been instrumental in the development of techniques for
determining reserves and establishing appropriate risk margins for RBC, which are
now widely used in the region by both clients and other consultants. We are the most
efficient and experienced reserving actuaries in the region.
Product Pricing and Premium Rating
JPWALL is very experienced in the pricing of general insurance business, using both
traditional premium rating techniques as well as the more sophisticated techniques
such as generalised linear modelling (GLM). We have completed more GLM assignments
than any other firm in Asia.
Our consultants experience includes completion of the following:
- Thailand Industry-wide Motor & Fire Tariffs
- Malaysian Industry-wide Motor Tariff, including updates and calibrations
- Hong Kong Industry-wide Employee's Compensation Pricing Models
- Fire Insurance Rating Models with Real-Time Interfaces for large insurers
- Health, Medical & Personal Accident Product Pricing for a large number of Asia
Pacific Insurers
- Stochastic Pricing Models for large Hong Kong Insurers
- Points-based Motor Rating Models for Singapore Insurers
- GLM rating models for many large Motor insurers in South East Asia
Capital Modeling
Our consultants have been involved in the development and implementation of Risk
Based Capital (RBC) across Asia Pacific and have a thorough understanding of the
workings of each country's framework as well as the overall concept of RBC. Apart
from being heavily involved in the various RBC developments and assignments
throughout the region, JPWALL is also experienced in the building of Dynamic
Financial Analysis (DFA) models using stochastic simulation techniques to estimate
an insurer's optimal capital levels.
Our consultants experience includes the completion of the following:
- Building Stress Testing models in Singapore, Malaysia and Thailand
- Building DFA models to optimise proposed reinsurance arrangements
- Building DFA models to test future solvency under a range of capital scenarios
- Building DFA models to calculate Expected return, Probability of loss and
Probability of ruin
- Building Internal Capital Target models to support target internal capital
adequacy ratios
Reinsurance Optimisation
Our consultants are experienced in assessing an insurer's optimal level of
reinsurance cover using sophisticated modelling tools (such as DFA) as well as
industry benchmarks and traditional retention analysis techniques.
Our consultants experience includes:
- Analysing insurer's businesses using scenario and retention analysis techniques
- Estimating profitability and recommending optimal reinsurance structures
- Performing cost benefit analyses on proportional and non-proportional programmes
