Actuarial Partners Consulting

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.

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

Product category

Actuarial Consulting Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYEDABAJAJ

Insurance Finance & Risk (Actuarial, Claims, Solvency)

Education/Corporate Training & Professional Development/Finance, Accounting & Risk Training

SECONDARYEDABAJAB

Financial Accounting & Reporting (GAAP/IFRS)

Education/Corporate Training & Professional Development/Finance, Accounting & Risk Training

SECONDARYFSAEABAE

Employer Retirement Plan Advisory (401(k)/Pension)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Wealth & Retirement Advisory

Keywords

• Actuarial consulting services
• Insurance advisory
• Takaful consulting
• ALM advisory
• Retirement consulting

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers16 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

One partnership is on record.

• Moody's Analytics Partner Alliance Insurance SolutioncoreTechnology or IntegrationCertified 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

Broad 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

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Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Actuarial Partners Consulting