About Us
Founder & CEO
Subha Neelakantan FIAI
Subha is an energetic fully qualified actuary with over 25 years of experience in the areas of Actuarial Pricing & Research, Product development, Re-insurance structuring, Actuarial Valuation, Experience Analysis and Client management in the insurance / reinsurance industry primarily in India. She has built a variety of new products and services in the health and life domain by partnering with leading digital service providers.
Head - Employee Benefits
Mala Ramkumar
Mala is a dynamic Business Manager with a 24-year track record in driving sales, optimizing processes, and enhancing customer satisfaction across diverse industries including Education, BPO, Technology, and Airlines. With over 8 years of experience in a leading role in the Education and BPO sector, she has, in her working carrier, been an expert with Customer Success and Client relation.
Associate Vice President
Munjal Goel
Munjal Goel is a Fellow Actuary with extensive experience across Indian and global insurance markets. He specializes in Risk Management, Valuation, Solvency, ALM, and Modelling, delivering innovative solutions that streamline processes and strengthen decision-making. With a strong track record in complex actuarial transformations, he combines deep technical expertise with a forward-looking approach, harnessing automation and AI to drive efficiency and create lasting impact for insurers worldwide.
Analyst
Vaishnavi Ghadigaonkar
Vaishnavi Ghadigaonkar is a budding Data Analyst with 3 years of work experience and skills in Excel, and data visualization tools. She is eager to apply analytical thinking to uncover insights, support decision-making, and grow in the field of data analytics.
Actuarial Analyst
Aabha Satavase
Aabha is an aspiring actuary and an economics graduate. With a love for numbers and a strong interest in working with complex data, she is eager to learn how theoretical concepts are applied in practical, real-world problems. She is committed to continuous learning and brings enthusiasm to the team as she develops her expertise in the actuarial field
Our Services
Employee Benefits
Choose a Reliable, Service Oriented and Trustworthy partner
Performing statutory valuations (AS15 actuarial valuation, IAS19, US GAAP and other International Accounting Standards) of your organization’s employee benefit schemes so that you stay in compliance with the regulatory standards and manage to plan for the future intelligently.
Gratuity actuarial valuation
Defined Benefit Pension Plans valuation
Actuarial valuation of Leave Encashment
Long Service awards valuation
Provident Fund valuation
Post-Retirement Medical Benifits Schemes
Warranty Cost/Rewards points accumulation
We provide an actuarial valuation of gratuity and other valuations so that you comply with the regulatory framework.
Insurance Consulting
Use a Knowledge driven, Experience and Client focussed partner
Pricing & Product Development
We help you define strategy and design insurance products across life, health, and general insurance to ensure they are robust and compliant.
Product Pricing and Design
Product filing and Regulatory approvals
Experience and Risk Analysis
Regulatory Filing
Financial Reporting & Audit
We support your finance team with all aspects of actuarial valuation and audit support.
Reserving and Statutory Valuations
Calculation of statutory reserves
Analysis of surplus
Reserve adequacy testing and Capital modelling
Model creation, validation & Model testing
Audit of current models
Risk and Capital Management
We bring experts who specialise in providing business solutions and optimising strategies to create value for various stakeholders. We offer our services in the following areas
Reinsurance optimization
Asset-liability management
Dynamic financial analysis
Economic capital modelling
Bonus reserve valuations
Statutory Roles
We provide independent review and will be able to give you unbiased views of the different options available.
Peer Review
With Profits Committee
Independent review of current basis
ESOPs services
We are a Boutique firm for comprehensive ESOP solutions, from designing and implementing to valuing and administering.
ESOP
Design
ESOP
Implementation
ESOP
Valuation
ESOP
Administration
Our Clients
We are proud to have partnered with some of the most innovative and forward-thinking brands across industries.
Testimonial
What our clients say
P Bhaskaran
President and CFOR Subramanian and company LLP
“ iActuary has been instrumental in providing accurate and timely Gratuity and Leave Encashment valuations as required under AS15/ Ind AS 19. Their expertise, professionalism, and clear reports have made compliance and financial planning seamlessly for our organization. Mala Ramkumar played a pivotal role in reaching out to the clients spontaneously. RS and co LLP, CA’s wishes I actuary the very best.”
Priti Khambhayta
Partner August Consulting (India) Private Limited
“August Consulting has been availing of Actuarial Valuation services and reports from iActuary. A key strength of their service is the rapid turnaround. We receive our reports within forty eight hours of providing the necessary data. The speed with which they address auditor’s questions is also a tremendous asset in streamlining our audit finalization.”
Ravi Vaidyanathan
Founder & CEO
“Working with iActuary has been a pleasure for us. We value their indepth knowledge of various statutory requirements and the ease with which they convey and execute the work for us. Moreover, they have always been seen as proactive (not very common nowadays) on possibilities for us to pursue certain new avenues. We do complement Mala and Subha here, for making their association with us a pleasure to work with. Wishing them continuous growth.”
Priti Khambhayta
Partner August Consulting (India) Private Limited
“August Consulting has been availing of Actuarial Valuation services and reports from iActuary. A key strength of their service is the rapid turnaround. We receive our reports within forty eight hours of providing the necessary data. The speed with which they address auditor’s questions is also a tremendous asset in streamlining our audit finalization.”
Life
- Product design, pricing, and reinsurance setup of a health product for a Life Insurance Company
- Reprice and re file a set of non-participating products for Life Insurance company due to change in surrender value regulations
- Appointed Actuary for Nepal based Life Insurance company
- Independent Review of Policyholder liabilities for a Life Insurance Company in India
- Peer review for a life insurance company
Reinsurance
- Consulting Actuary for valuations of a foreign reinsurance branch which includes statutory valuations, reporting and sign off for year-end valuation.
- Consulting Actuary for a foreign reinsurance branch for the Risk Based Framework QIS – 1 submission to the regulator
- Identify, Review and Recommend health fixed benefit strategy for one of the largest foreign reinsurer.
- Review & Recommend the current health reimbursement strategy for one of the largest foreign reinsurer
Employee Benefits
- Review the actuarial impact of the new Code of Wage & Code of Social Security on the financials of a young company
- Gratuity and Leave encashment for 175 companies
- ESOP Design, implementation and Valuation for few startups
- Long Term Incentive Plan valuation
- Reward point valuation for a credit card issued by a bank
General / Health
- Independent review of business plan, capital and solvency for a new start-up entering the Health insurance industry
- Reprice and re file entire set of Engineering products for General Insurance company
Insurtech
- Review and advisory of the Insurtech’s proposed proposition for fit within the Indian market covering the Model assumptions validity and completeness
- Provide insights and advise on the India term market
Projects Undertaken
Life
Reinsurance
Employee Benefits
General / Health
Insurtech
Careers
If you are interested please send us your cv at reachus@iactuary.in
Contact Us
Thank you for visiting.
C 412 , Kailash Business Park, Vikhroli Parksite, Vikhroli W, Mumbai – 79