OUR SERVICES

**SHAPING THE FUTURE WITH PRECISION & TRUST**

At The Shard, we bring together deep expertise across finance, risk, and data to deliver solutions that drive clarity and confidence.

ACTUARIAL SERVICES

The Shard’s Actuarial Services team offers deep expertise in financial risk modelling and insurance consulting, delivered in a practical and business-friendly manner. Our actuaries are Fellows with extensive experience in life insurance, general insurance, pensions, and investments. We provide both traditional actuarial services and out-of-the-box solutions to meet emerging needs, all while ensuring complex models and results are translated into clear insights for our clients.

KEY SERVICES

Valuations & Financial Reporting

We conduct actuarial valuations for insurance liabilities (life, non-life, and health), pension fund liabilities, and employee benefits obligations. Our team ensures you meet regulatory and accounting requirements – including statutory valuations, IAS19/IFRS actuarial reports, and embedded value calculations – accurately quantifying obligations and conveying the results to stakeholders clearly.

Capital & Risk Management

We help insurers and financial institutions manage capital effectively and comply with solvency regulations (SAM in South Africa, Solvency II, etc.). Our services include capital adequacy assessments, Internal Capital Adequacy Assessment Process (ICAAP) support, and development of risk-based capital models. We also review and validate internal models to ensure their soundness (model risk management).

Product Development & Pricing

Innovation is key in financial services. The Shard’s actuaries assist with designing and pricing insurance products, from life insurance and annuities to short-term coverages. We analyze demographic and market data to set assumptions, model profitability, and ensure products are competitive yet financially sustainable. Our independent view can validate or enhance your in-house product designs with robust analytics.

IFRS 17 Implementation Support

Transitioning to the new IFRS 17 insurance contracts standard is a complex journey for insurers. We provide end-to-end support, working jointly with your finance and IT teams to interpret the standard, model the Contractual Service Margin (CSM), adapt systems, and produce the required disclosures. Our multi-disciplinary approach (actuarial + accounting) ensures both the calculations and the journal entries/reporting are handled smoothly. The result is compliance with IFRS 17 that also yields insights into product performance and risk.

Actuarial Outsourcing & Advisory

For clients needing temporary or specialized actuarial support, we offer flexible solutions. Our team can act as your outsourced Head of Actuarial Function, provide peer reviews of other actuaries’ work, or supplement your staff during peak projects (such as year-end valuations or mergers). We also deliver actuarial audits and due diligence for transactions, bringing an impartial lens to evaluate liabilities and risks.

WHY IT MATTERS

In industries like insurance, healthcare, and banking, sound actuarial analysis underpins financial strength and strategic decisions. The Shard empowers clients with rigorous analytics – from solvency projections to pricing – that withstand scrutiny. More importantly, we ensure that these analytics drive strategy: whether it’s optimizing capital, informing product strategy, or improving risk transfer solutions. By partnering with us, clients gain not only technical number-crunching, but a strategic advisor who helps interpret what the numbers mean for your business’s future.