Risk Management

NICHOLAS ACTUARIAL SOLUTIONS

RISK MANAGEMENT PRACTICE

We provide a comprehensive range of risk management solutions, ranging from enterprise risk management implementation, providing risk management resources as well as independent risk management review.

risk management implementation

enterprise risk management (ERM)
risk awareness development
risk culture development
market risk management
credit risk management
financial risk management
compliance risk management
strategic risk management
operational risk management
external risk reporting
risk planning & risk evaluation
key risk assessment
policy audits & compliance
risk analytics & risk model

risk management resources

We provide resources to support our clients' risk management practices. Our team has experience in risk management across life insurance, general insurance, reinsurance, takaful as well as enterprise risk management.

In addition to providing resources and support, we assist our client to improve and automate risk management processes leading to long term efficiencies.

review

enterprise risk management (ERM)
key risk assessment
compliance review
reinsurance optimisation
insurance risk management
operational risk management
financial risk management
economic capital modelling (ECM)
statutory capital modelling
risk based capital (RBC)
own risk solvency assessment (ORSA)
internal capital model (ICM)

Practice Leader

PRACTICE LEADER

Raymond Lai FSA FASM CFP NLP CBE

Risk Management & AI Expert

Raymond is a Fellow of the Society of Actuaries (US) and has over 30 years of actuarial, financial and risk management experience in the insurance industry. Raymond previously held appointed actuary, chief actuary and chief risk officer (CRO) roles and is currently the appointed actuary to life insurance, general insurance, family takaful and reinsurance companies.

Raymond has experience across many markets in Asia including Bahrain, Myanmar, Vietnam, Malaysia, Labuan and Indonesia. He is proficient in many actuarial areas including product development and pricing, actuarial valuation, financial reporting, financial projection and enterprise risk management.

Raymond has significant expertise in developing risk and capital management frameworks, developing growth strategies, performing risk analysis, developing compensation models and performing client value analysis. Raymond is a pioneer of new product ideas and systems and is recognised as a leading innovator in the market. He has coached and mentored many younger and successful actuaries.

Raymond is a Certified Financial Planner and a Certified Neuro-Linguistic Programming (NLP) Practitioner for Appraisal and Performance Management. Raymond also has specialized knowledge in internet marketing, social media marketing and blockchain technology.