Actuarial Partners Consulting
Actuarial Partners Consulting is a Malaysian actuarial consulting firm serving insurers, regulators, governments, and industry associations with advisory and training across insurance, Takaful, IFRS 17/9, ALM, and retirement, operating in 23+ countries since 1977.
- Company typePrivate
- Founded1977
- HeadquartersKuala Lumpur, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Actuarial Partners Consulting does
Actuarial Partners Consulting is a Kuala Lumpur-headquartered actuarial consulting firm founded in 1977 and incorporated as Actuarial Partners Consulting Sdn Bhd. The firm serves insurance companies, government bodies, regulators, and industry associations across Malaysia and at least 23 international markets, with deep specialization in Takaful (Islamic insurance) since 1984, IFRS 17 and IFRS 9 implementation, Asset Liability Management, retirement and employee benefits, medical insurance pricing, and data analytics including industry-level mortality and lapse studies. The practice is built on industry-standard actuarial platforms — Moody's RiskIntegrity (via the Moody's Analytics Partner Alliance Insurance Solution program), Prophet, and Excel-based models — supplemented by proprietary economic scenario generators used for long-term insurer liability projections. Revenue is generated through professional services engagements (project-based and retainer consulting) and through learn@AP, a self-serve online learning platform offering the CLAP 1-4 certification track, IFRS 17 and Takaful specializations, a Certificate of Actuarial Practice credential, and free introductory content, with corporate training approved under Malaysia's HRD Corp SBL-Khas scheme. Go-to-market is primarily direct enterprise consulting combined with HRD Corp-funded corporate training and self-serve individual enrollment on the learning platform.
Actuarial Partners Consulting firmographics
Firmographics- Name
- Actuarial Partners Consulting
- Legal name
- Actuarial Partners Consulting Sdn Bhd
- Website
- https://actuarialpartners.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Actuarial Partners Consulting is a Malaysian actuarial consulting firm serving insurers, regulators, governments, and industry associations with advisory and training across insurance, Takaful, IFRS 17/9, ALM, and retirement, operating in 23+ countries since 1977.
- Ownership category
- akta.pro rank
Actuarial Partners Consulting industry classification
Industry- Product category
- Actuarial Consulting Services
- NAICS
- Management Consulting Services (54161)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Insurance Finance & Risk (Actuarial, Claims, Solvency) (EDABAJAJ)
- akta.pro secondary industries
- Financial Accounting & Reporting (GAAP/IFRS) (EDABAJAB), Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)
Keywords
Where Actuarial Partners Consulting is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
Actuarial Partners Consulting business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Actuarial Consulting Services: Professional consulting services providing actuarial expertise to insurance companies, retirement funds, government bodies, and other organizations. Engagements cover insurance product development, IFRS 17 implementation, Takaful operations, ALM analysis, and retirement benefit advisory.
- Training and Education Programs: Online and in-person training programs including Core Life Actuarial Practice (CLAP) courses, IFRS 17 training, Takaful courses, and customized corporate training. Programs are approved under Malaysia's HRD Corp SBL-Khas scheme. Some courses available for individual enrollment with certification upon completion.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free introductory course for individuals interested in actuarial science |
| Subscription | Multi-year contract | Professional certification program (CLAP 1-4) with specialization options |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Actuarial Partners Consulting product offering
Product offeringCore offering
Actuarial Partners Consulting is a B2B actuarial advisory firm delivering consulting services across Insurance, IFRS 17, IFRS 9, Takaful, ALM, Retirement, Medical Insurance Pricing, and Data Analytic & Quantitative Solutions. The firm also operates the learn@AP online platform, which delivers professional training courses and the Core Life Actuarial Practice (CLAP 1-4) certification program with specializations in Takaful and IFRS 17. Engagements are delivered to insurance companies, government bodies, regulators, and industry associations, with active Takaful consulting work dating to 1984.
Product overview
Actuarial Partners Consulting is an actuarial consulting firm offering a portfolio of advisory services and professional training programs. Their consulting practice spans nine core areas: Insurance, IFRS 17, IFRS 9, Takaful, ALM, Retirement, Medical Insurance Pricing, and Data Analytic and Quantitative Solutions (DAQS). Complementing their consulting services is their learn@AP online learning platform, which offers structured courses including the Core Life Actuarial Practice (CLAP) series (CLAP 1-4), specialized Takaful courses (FATIHA, Advanced Takaful, IFRS 17 for Takaful), Short Term Reserving, IFRS 17 Fundamentals, and courses on Inclusive Insurance and Poverty Premium. They also offer a Certificate of Actuarial Practice program combining CLAP courses with specialization options.
Differentiator
Problem solved
Functional benefit
Products and services
- Insurance Consulting Actuarial consulting services for insurance companies covering traditional life and general insurance advisory.
- IFRS 17 Consulting Advisory services for IFRS 17 insurance accounting standard implementation, including CSM, revenue recognition, contract grouping, and measurement approaches.
- IFRS 9 Consulting Advisory services for IFRS 9 Expected Credit Loss (ECL) modeling, including PD, LGD, and EAD computation with macroeconomic factor overlays.
- Takaful Consulting Islamic insurance consulting covering company setup, regulatory framework design, product development, and Appointed Actuary work for Takaful operators.
- ALM (Asset Liability Management) Consulting ALM modeling combining actuarial and investment expertise, including strategic asset allocation, risk budgeting, and economic scenario generation using Moody's Analytics.
- Retirement Consulting Retirement plan advisory covering plan design, benefit audits, funding and accounting, asset liability modeling, and merger & acquisition support for retirement benefits.
- Medical Insurance Pricing Medical and health insurance product pricing advisory, product development, regulatory submission review for Bank Negara Malaysia compliance.
- Data Analytic and Quantitative Solution (DAQS) Analytics services including financial modeling, lapse studies, mortality studies, insurance gap studies, and health studies for the insurance industry.
- Core Life Actuarial Practice Certification (CLAP 1-4) Professional certification program comprising four sequential courses (CLAP 1 Data and Experience Analysis, CLAP 2 Product Development, CLAP 3 Technical Foundation of Life Actuarial Work, CLAP 4 Aspects of Life Actuarial Management) with assignments and optional specializations in Takaful and/or IFRS 17, delivered on the learn@AP platform.
- Fundamental Aspects of Takaful Insurance and Hands-on Applications (FATIHA) Technical foundation course on Takaful from a practical perspective covering current Takaful models, setup issues, Excel spreadsheets for major models, and Takaful management with innovation topics.
- Fundamentals of Calculation under IFRS 17 Comprehensive IFRS 17 course covering CSM, measurement approaches, contract grouping, transition issues, reinsurance, discount rates, RA determination, and comparison with solvency and statutory valuations.
- IFRS 17 for Takaful Specialized course addressing IFRS 17 issues for Takaful operators, covering Takaful models, cash flow differences, two-columnar approach, and financial statement presentation under IFRS 17.
- Advanced Fundamental Aspects of Takaful Insurance and Hands-on Practices Advanced Takaful course covering surplus sharing, Qard, risk management, regulations, and innovation including microtakaful strategies and technology applications.
- Short Term Reserving General insurance reserving course covering data preparation, IBNR/IBNER/UPR reserves, ultimate loss ratio, link ratios, Bornhuetter-Ferguson methods, and back-testing.
- First Steps into Actuarial Science Free introductory course on actuarial science for people interested in the field, non-insurance professionals starting roles in insurance companies, or those considering such roles.
- Strategies for Inclusive Insurance Course on inclusive insurance market covering product development for underserved segments, value-based insurance, government program alignment for B40 market, and ESG coverage initiatives.
- Understanding the Poverty Premium Course exploring the poverty premium concept, insurance vs Takaful perspectives on risk pooling, and strategies to minimize poverty premium through Takaful.
Quantifiable outcome
- Developed the Malaysian Ordinary Lives 2011-2015 (M1115) mortality table, now widely used by insurance and takaful industry in Malaysia for pricing and reserving
- +2 more outcomes
Companies that use Actuarial Partners Consulting
Customer profileNamed customers16 records
Segments7 records
Ideal customer profiles4 records
Actuarial Partners Consulting technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
Actuarial Partners Consulting partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Moody's Analytics Partner Alliance Insurance SolutioncoreCertified member of Moody's Analytics Partner Alliance Insurance Solution partnership program. Utilizes Moody's stochastic generator engine to model investment scenarios of market risk and asset returns with multi-timestep projections for long-term insurer liabilities.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Actuarial Partners Consulting competitors and assessment
Company assessmentBroad incumbents
- Ernst & Young (EY): Big 4 firm with a large EMEIA and Asia-Pacific actuarial and insurance consulting footprint; directly contests IFRS 17, solvency, and actuarial transformation engagements.
- PwC: Big 4 firm offering actuarial, insurance, and pension consulting; competes with Actuarial Partners for enterprise insurance, retirement, and Takaful mandates across the region.
- Deloitte: Big 4 firm with a global insurance industry practice and significant actuarial capabilities; addresses the same IFRS 17, Takaful setup, and risk advisory use cases as Actuarial Partners.
- KPMG: Big 4 firm with a large insurance and actuarial advisory practice across Asia; competes with Actuarial Partners on IFRS 17, ALM, and regulatory advisory engagements at enterprise scale.
Direct peers
- Milliman: Global actuarial and consulting firm specializing in insurance, retirement, ALM, and risk modeling — the closest large-scale direct peer to Actuarial Partners' core consulting practice.
- Mercer: Global consulting firm with leading retirement, health, and investment advisory practices; closely comparable on retirement plan advisory and pension actuarial work.
- Lewis & Ellis: Independent actuarial consulting firm serving insurers, regulators, and self-insureds with pricing, reserving, and statutory reporting services; comparable as a focused, non-Big-4 actuarial specialist.
- Aon: Global professional services firm with a sizable actuarial, insurance, and risk consulting practice; competes for the same insurance carrier and risk-management advisory mandates.
- Barnett Waddingham: Independent UK-based actuarial, investment, and administration consultancy with strong retirement and insurance consulting practices; a useful comparable for a partner-owned specialty actuarial firm.
- Willis Towers Watson (WTW): Major global insurance and actuarial advisory with deep retirement, IFRS 17, and ALM capabilities; directly competes for the same enterprise insurance and pension clients as Actuarial Partners.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Actuarial Partners Consulting social profiles
Digital presenceActuarial Partners Consulting financial estimates
Financial estimateRevenue estimate
Valuation estimate
Actuarial Partners Consulting leadership team
Management profileNumber of profiles
Profiles5 records
Actuarial Partners Consulting funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Actuarial Partners Consulting M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Actuarial Partners Consulting
What does Actuarial Partners Consulting do?
Actuarial Partners Consulting is a B2B actuarial advisory firm delivering consulting services across Insurance, IFRS 17, IFRS 9, Takaful, ALM, Retirement, Medical Insurance Pricing, and Data Analytic & Quantitative Solutions. The firm also operates the learn@AP online platform, which delivers professional training courses and the Core Life Actuarial Practice (CLAP 1-4) certification program with specializations in Takaful and IFRS 17. Engagements are delivered to insurance companies, government bodies, regulators, and industry associations, with active Takaful consulting work dating to 1984.
Is Actuarial Partners Consulting a public or private company?
Actuarial Partners Consulting is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Actuarial Partners Consulting founded?
Actuarial Partners Consulting was founded in 1977. It employs 11 to 50 people.
Where is Actuarial Partners Consulting based?
Actuarial Partners Consulting is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does Actuarial Partners Consulting make money?
Two revenue lines are on record. Actuarial Consulting Services are the primary driver. The others are training and Education Programs.
Who are Actuarial Partners Consulting's main competitors?
Broad incumbents on record are Ernst & Young (EY), PwC, Deloitte and KPMG. Direct peers are Milliman, Mercer, Lewis & Ellis, Aon, Barnett Waddingham and Willis Towers Watson (WTW).
Does Actuarial Partners Consulting have an API?
No public API is recorded for Actuarial Partners Consulting.
What industry is Actuarial Partners Consulting in?
Actuarial Partners Consulting's product category is Actuarial Consulting Services. Its primary akta.pro industry code is EDABAJAJ, Insurance Finance & Risk (Actuarial, Claims, Solvency), with a secondary code of EDABAJAB, Financial Accounting & Reporting (GAAP/IFRS). Its NAICS code is 54161 and its SIC code is 8742.