Actuarial services

Consoris Consulting is a team of professional actuaries and analysts that has been providing actuarial services since 2004.

We are trusted by more than 250 companies and their branches that employ thousands of workers and cooperate with a multitude of clients. The results of all our work have been approved by the «Big Four» auditors and other international auditors.

Our company employs actuaries with British (Fellow) certificates and with the actuarial Licenses in other countries.

Due to a high-quality individual approach to every client, our company has positively established itself as a reliable provider of actuarial services, and also has become a market leader in Ukraine in this sphere of business. We facilitate running socially active business.

Actuarial services provided by Consoris Consulting: experience and quality

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Actuarial services provided by Consoris Consulting: experience and quality

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Consoris Consulting is one of the leading Ukrainian consulting companies. We provide a wide range of actuarial services both in Ukraine and abroad.

  • Our company has long-term experience of actuarial calculations in accordance with IFRS (IAS) and local national accounting standards.
  • We carry out actuarial calculations using the tailor-made mathematical models which take into account the best practice and international experience.
  • Our evaluations and calculations have always been approved both by our clients and by the auditing companies, not a single claim to have been put forward against the quality of our job since 2004.
  • Since 2010 we have been regularly performing actuarial evaluations for the foreign enterprises. We have gained positive experience of approving the calculation results by the foreign actuaries.
  • Actuaries and analysts of Consoris Consulting are experienced in cooperation with the state projects. Our team has regularly taken part in projects on the pension reform and on the reduction of mortality rates due to road accidents in Ukraine.
  • Our company employs certified actuaries including those who are titled as a Fellow in the Institute and Faculty of Actuaries, London, specialists with actuarial licenses issued in other countries, as well as the specialists having a Master’s degree in Mathematics and Economics. All employees are experienced with liability assessments according to IFRS, which enables us to successfully fulfil labour-intensive tasks.

We take our clients’ demands into account rather than opt for standardized solutions. Each task is viewed based on an individual client’s specific needs and requirements.

Who is in need of actuarial services

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Who is in need of actuarial services

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Real sector

Our customers make out financial reporting according to the international financial reporting standards IFRS (IAS) and get audited annually. They are mostly big manufacturing companies engaged into export operations, introduced in the international markets or been credited by the foreign financial organizations.

Financial sector

An actuarial assessment is in great demand with the insurance companies which are obliged to create insurance reserves. Thus, our services include:

  • calculation of the reserves;
  • assessments of the reserves having already been calculated;
  • conclusions and recommendations.

We assist the representatives of the bank sector in finding out implicit regularities and working out necessary forecasts. We apply the advanced and novel methods of machine learning to develop an optimal behavioral strategy.

Actuarial consultations are handy for checking adequacy of data calculated at an enterprise or by a financial institution. Our analyses and the obtained results are always unbiased.

Government institutions

There is sometimes a demand for actuarial calculations in the framework of state projects, e.g. to assess the consequences of legislative changes, to carry out tasks on optimization of budget costs, etc. Our team has got experience of participation in the large-scale national projects.

Why Consoris Consulting

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Why Consoris Consulting

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An absolute majority of our clients are audited by international companies, including the representatives of the Big Four (PWC, E&Y, DELOITTE and KPMG), as well as Baker Tilly, BDO, Creston, Grand Tornton and others. The developed models have been profoundly checked and acknowledged by each auditor. We are completely aware of the demands of the audit companies which is the reason why we feel totally certain that any complex, demanding actuarial task will be successfully performed by our experts, who are not only highly qualified and experienced actuaries, but also have broad hands-on experience of adjusting the results with the auditors.

Our services are bound to modelling as the necessary tool for assessment of significant long-term liabilities. The calculations help enterprises plan their expenses and decrease risks in the future.

We offer comprehensive solutions for our clients and provide consultancy on the complex technical issues, which add to economic recovery.