Our Services
Your Success Starts with Us
We go beyond efficient solutions with proactive support, ensuring you maximize your success and optimize your system environment.
We bridge the gap between business vision and technical reality
Our team of seasoned professionals combines deep domain expertise with technical acumen. We take a holistic approach, considering both short-term wins and long-term goals. Our dedicated project management ensures successful project completion and achievement of goals.
Our Services
Your Success Starts with Us
We go beyond efficient solutions with proactive support, ensuring you maximize your success and optimize your system environment.
We bridge the gap between business vision and technical reality
Our team of seasoned professionals combines deep domain expertise with technical acumen. We take a holistic approach, considering both short-term wins and long-term goals. Our dedicated project management ensures successful project completion and achievement of goals.
Risk & Compliance
- Actuarial Service
- Assumption Management
- Business Planning System
- IFRS17 compliance system implementation / operation
- K-ICS (RBC) / ALM system implementation / operation
Finance IT
- Financial Knowledge Service
- PM/PMO Project Advisory
- Building Systems and Creating IT Architecture
Cloud & Digital
- Adoption Strategy from On-premise to Cloud
- Hybrid Cloud Strategy and Execution
- Private Cloud Strategy and Exection
- IT Architecture
- MDM
- Data Mart & Data Integration
- Data Migration
Actuarial IT Diagnose Consulting Service
The insurance industry has completed the implementation of the IFRS17/K-ICS(RBC) development system to meet the financial requirements of supervisory authorities and the management needs of each insurance company, as well as the new accounting and actuarial environment.
However, since the implementation of IFRS17 in January 2023, various problems have arisen in the infrastructure area of the currently operating IFRS17/KICS(RBC) system.
「IT Diagnosis Consulting Services」 Is being Proposed to solve these problems.
Actuarial IT Diagnose Consulting Service
The insurance industry has completed the implementation of the IFRS17/K-ICS(RBC) development system to meet the financial requirements of supervisory authorities and the management needs of each insurance company, as well as the new accounting and actuarial environment.
However, since the implementation of IFRS17 in January 2023, various problems have arisen in the infrastructure area of the currently operating IFRS17/KICS(RBC) system.
「IT Diagnosis Consulting Services」
Is being Proposed to solve these problems.
- Need to confirm that existing IFRS17 operational systems can meet settlement times.
- Many insurers don’t speed up settlement.
- IFRS17 work requires computation and output loading of big data.
- Verify evidence of proper sizing for compute servers/storage/DB/NW, etc.
- Excessive wastage issues.
- Lack of benchmarks as Korea is the first country in the world to adopt IFRS17.
- Difficultly identifying responsibility and responding quickly in the event of an operational system failure.
- The nature of our work requires us to respond to audits of our systems from time to time.
- IT struggles to respond to audits because of the complexity of their work.
- Need to verify system satisfaction from an internal control (governance) perspective.
- Need to confirm that existing IFRS17 operational systems can meet settlement times.
- Many insurers don’t speed up settlement.
- IFRS17 work requires computation and output loading of big data.
- Verify evidence of proper sizing for compute servers/storage/DB/NW, etc.
- Excessive wastage issues.
- Lack of benchmarks as Korea is the first country in the world to adopt IFRS17.
- Difficultly identifying responsibility and responding quickly in the event of an operational system failure.
- The nature of our work requires us to respond to audits of our systems from time to time.
- IT struggles to respond to audits because of the complexity of their work.
- Need to verify system satisfaction from an internal control (governance) perspective.
Premium Service
Mitigate risk, reduce costs, and protect clients’ on-premises Actuarial applications, database, software, and systems with ADS Premium Service
Premier Support Benefits
Increased efficiency, greater productivity, and faster upgrade cycles
Interviewed organizations report that they rely on ADS Consulting Premium Service to ensure the reliability and robustness of their regulatory environments. This support is crucial for their business operations, generating strong value through data mart efficiencies and faster actuarial settlement output cycles.
More Services
Coinsurance / Reinsurance P&L Forecasting
Pricing and Valuation
Insurance risk internal models ALM management ORSA
Interest rate risk / Insurance risk asset list compulsory capital and B/S writing practice
BIZ planning / IFRS17 and K-ICS based KPI selection
PV generation / New product profit analysis Risk calculation