Publications
In this section, you would find our latest publications. We encourage you to keep checking out this page, as we aim to publish a new resource every few weeks.
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Implementing an Internal Model for Economic Capital
Measuring Economic Capital of an insurance company is arguably the biggest challenge for the insurers around the world. But the process of implementation is long and complex. A number of technical and business decisions need to be made, that affect the implementation journey. This article sets out the business objectives of Economic Capital and presents a road-map for EC implementation for a life insurer, without going into much technical details.
Practice area: Life Insurance
Intended audience: Actuaries and risk managers
Complexity: Advanced
Published: September 2017
Actuarial valuations of leave benefits: Issues for accounting under AS 15 and Ind AS 19
Several approaches for valuation and accounting of leave benefits currently exist. Employers often record a liability in respect of certain leave schemes which do not require an actuarial valuation, and they fail to identify other schemes which may require one. This article has been submitted to Institute of Actuaries of India and Institute of Chartered Accountants of India and provides technical guidance on how to properly account for leave schemes.
Practice area: Employee Benefits
Intended audience: Accountants and auditors
Complexity: Advanced
Published: April 2017
Actuarial valuations for AS 15 and Ind AS 19: Getting the basics right
An article covering the basics of actuarial valuations, which are not very widely covered in actuarial or accounting literature. The topics covered in this paper are based on our own experience of interacting with our clients and their auditors. This article does not cover advanced topics and focusses on basics only.
Practice area: Employee Benefits
Intended audience: HR managers, as well as accountants and auditors who are new to actuarial work.
Complexity: Beginner
Published: January 2017
Indian Accounting Standards: Employee benefits perspective
This white paper provides a brief background of Indian Accounting Standards, the timelines, and applicability. Guidance on the transition to Ind AS 19 and Ind AS 102 is provided in two separate sections. This paper also provides a handy reference and a practical guide to what will change under the new Ind AS and what the companies need to do.
Practice area: Employee Benefits
Intended audience: Accountants, auditors and senior management personnel.
Complexity: Advanced
Published: October 2016