- +264 61 241 746
- info@heb.com.na
Services
Actuarial
An established Actuarial team that provides Actuarial Services to Social security schemes, Retirement funds and Health-care providers, Investment houses and Insurance Schemes and Companies. We provide commercial, financial, and prudential advise on asset liability management, particularly where long-term management and planning are essential aspects. We provide personalized advice to each client based on their specific requirements. We have extensive knowledge of industry trends and legislative frameworks.
Specific Service for Retirement Funds
- DB and DC statutory Actuarial Valuations
- Annual Actuarial valuations, inclusive of the final interest allocation to member credits;
- Unit pricing ( Determination of the monthly interest allocation to member credits);
- Annual pension and disability income increase proposals;
- Bulk transfer calculations, including the issuing of Section 14 certificates;
- Individual member benefit calculations;
- Certifying the correctness of the rules and rule amendments, and assisting in the drafting of Rules where required;
- Giving recommendations and comment on the benefit design of the fund, taking into account the financial status of the fund, the expectations of members, benefit trends in the Namibian market, and other relevant information;
- Impact of legislation and regulations modelling;
- Alignment of the Fund Rules with the relevant legislation and regulations i.e. FIMA;
- Possible assistance in the calculation of benefits by providing calculation sheets, programs and tables;
- Assist funds to ensure regulatory compliance;
- Risk Register Set up and Monitoring;
- Attending trustee meetings as and when required;
- Assist in Fund Data Management;
- Assist in the assessment of and advice on pensions and Insurance Administration systems.
Our other services include:
- Performing statutory or ad hoc actuarial valuations for Life Insurance, General Insurance, Medical aid and Social Security Schemes;
- Performing Post-Retirement Medical Aid Lability Valuations;
- Post Retirement Medical Aid Liability Management Advice;
- IAS 19 Valuations;
- Asset-Liability modelling;
- Solvency requirements calculations (including Risk Based Capital);
- Fidelity Licence Application with Namfisa.
