NAUMAN ASSOCIATES has, since 1993, been providing actuarial services to insurers offering Health Insurance services in Pakistan, Kenya, U.A.E and other countries.

Health Insurance is generally the fastest expanding segment of the insurance market, especially in emerging markets. The Health market potentially offers excellent returns to insurers PROVIDED they enter the business with sufficient preparation and continue to effectively monitor their business and growth. This line of business also has the risk of generating substantial losses if proper controls are not implemented.

Our experienced team, armed with current knowledge, is able to provide comprehensive and effective advice to organizations that either wish to introduce, or already have Employee Benefit Programs (such as Pension, Gratuity and Post-Retirement Medical and Leave Encashment schemes etc.).

Over the years we, at Nauman Associates, have developed the technical knowledge and the business understanding of this particular market, so as to offer effective and prudent advice to our clients operating in this area.

We offer the following consultancy services to insurance companies offering Health Insurance:

• Strategic Advice: to enable the company to meet its goals.
• Product Development: formulating appropriate health and accident insurance products and riders, in harmony with the Company's strategy, strengths and market dynamics.
• Product Pricing: ensuring products and riders are competitive and adequately priced.
• Profitability Analysis by different business segments (such as line of business, type of product etc.) and identification of areas requiring corrective measures.
• Statistical Analyses to provide critical information to management for determining an effective course of future action.
• Valuation of Liabilities: reserve calculations for both in-force business and outstanding claims.
• Statutory Requirements: assisting in preparation of statutory reports.
• Model Office Projections: assisting management in prudent and appropriate planning and budgeting by developing realistic business projections.
• Expense Analysis: assisting management in determining compatibility of priced expense margins with actual expenses, identifying inefficient and waste areas etc.
• Statistical Studies: carrying out studies such as lapse analysis, mortality investigation etc.
• Marketing Support: assisting in distribution related issues (such as selection of best distribution channel).
• Systems Support: providing advice to management for optimizing operational efficiency of company’s computer systems, defining appropriate data storage requirements, designing appropriate and effective MIS reports etc.