Top Actuarial Firm in Asia




Nicholas Actuarial Solutions Sdn Bhd (“n-actuarial”) is a technology-based actuarial firm established in 2015 in Kuala Lumpur, Malaysia. n-actuarial provides consulting services and technology solutions based on actuarial science, with most of n-actuarial’s clients being insurance companies. 

n-actuarial has achieved significant revenue and profit growth over the years and have built a strong infrastructure ready for future growth opportunities. n-actuarial is known as a leading actuarial firm in the ASEAN region, with a strong team of professionals, large profile of clients and our exceptional work quality. 

The insurance industry is faced with industry revolution 4.0. There is a need for the insurance industry to transform into a fully automated, digital industry to remain profitable and relevant in the financial service industry in the digital era.

n-actuarial is a unique company that has accumulated profound technical knowledge in complex insurance processes such as actuarial, finance, risk management, product development, reinsurance, investment and compliance, as well as the know-how to apply cognitive robots with artificial intelligence (AI) into insurance processes. 

With a growth and progressive mindset, n-actuarial has become a leading, growth driven actuarial firm in the region. n-actuarial is in the pole position to play the role of a key catalyst in the digital transformation of its clients in the insurance industry. 

Insurance companies spend $1.5 trillion annually on operating expenses.
Our robots can save $250 billion annually!



Insurance companies mostly have inefficient operations, encumbered by:

  • archaic & inflexible IT systems
  • overly complicated processes 
  • lack of technical talent
  • poor conduct in salesforce

30% of insurance revenues i.e. $1.5 trillion per year are operating expenses of insurance companies.
High expenses results in:

  • Consumers paying expensive premium
  • Consumers cannot afford insurance
  • Reduced earnings for insurance companies
  • As a leading technology-based actuarial firm, we are in the pole position to build complex back-end operational robots.
  • Our solution can reduce expenses of insurance companies by 17% or $250 billion annually.
  • We provide insurance companies with technology solutions for operational efficiency and cost reduction.
  • With the onset of industry revolution 4.0, technology is playing an ever-increasing role in the insurance industry. 
  • The majority of work processes within an insurance company will become automated in the near future
  • n-actuarial is the key catalyst in this digital transformation of the insurance industry




Consulting Services

We provide consulting services to insurance companies, including but not limited to:

  • Appointed actuary service 
  • Actuarial valuation service
  • Actuarial pricing service
  • IFRS 17 implementation service
  • Actuarial feasibility study service
  • Risk management service
  • Merger and acquisition service

Whilst this business is profitable, there are over 100,000 actuaries globally, and this number is increasing. This is becoming a red ocean. It is our intention to move away from consulting services towards offering technology solutions. Consulting services will remain our Entry Point Customer in our Business Transformation Plan.


Technology Solutions

We develop, and intend to continue to develop more technology solutions for insurance companies. Our flagship product IBNR Robot which uses AI to perform actuarial work has been very successful. 
Our other products include the following: 

You may click to visit the product website👇


Currently there are no actuarial firms in the market that is aggressively pursuing AI and automation based technology solutions. This is the blue ocean


Our Flagship Product

IBNR Robot - Automating Actuarial Work

IBNR Robot – An Actuarial Application of Artificial Intelligence, International Congress of Actuaries Berlin 2018

IBNR Robot Success Stories:

  • Liabilities managed by IBNR Robot has exceeded $100m in 2019.
  • Replace 4 man days of work with one-click.
  • Used in 5 companies in Malaysia, Singapore & Brunei.
  • Novel invention with patent pending.
  • Presented in many global actuarial conferences.



Over the past 5 years, n-actuarial has accumulated a total of 75 clients and MYR 4,120,080 in revenue (as at 30th June 2020).  

The gross revenue grew by 40% and 148% respectively in year 2020 and 2019. The net profit grew by 57% and 122% respectively in year 2020 and 2019.




  1. n-actuarial’s current consulting services clients shall become the entry point customers for technology solutions. In the past, the focus was on acquiring clients to deliver consulting services in return for a fee. The current focus shall remain to be on acquiring clients, however, the focus is to channel these clients to the Innovation Lab.
  2. The Innovation Lab shall focus on the development of new technology solutions targeted to the actual problems of the entry point customers. In the past, new technology solutions were developed based on general market demand and n-actuarial’s capabilities instead of actual problems of clients. 
  3. Development of new technology solutions and implementation existing technology solutions shall be the focus to deliver long-term financial objectives. In the past, the focus was on delivering consulting services for short-term financial objectives.





At this current juncture, companies in the similar industry are not pursuing the development and implementation of technology solutions in an aggressive manner. The main reason is that it is very difficult to acquire talents with skills and experience in technology and AI as Nicholas, not to mention the vision to deploy technology to transform the insurance industry in industry revolution 4.0.

Nonetheless, there are similar companies that are either currently in the fringes of this space or have capabilities to move into this space. This includes Aon PLC (AON), DXC Technology Company (DXC), Fidelity National Information Services, Inc (FIS), Marsh & McLennan Companies, Inc. (MMC), Moody’s Corporation (MCO) and Willis Towers Watson PLC (WLTW). 



n-actuarial intends to raise between MYR 3 million to MYR 10 million. USD 750,000 shall be utilised to fund the first year expenses of the Innovation Lab, while USD 1.25 million shall be used in the second year for subsequent expansion and transformation projects.



Our mission is to develop and implement novel and cutting-edge solutions to make our clients more successful. 

It is our vision to achieve global recognition of our thought leadership and innovative solutions in the actuarial field.



Founder & Actuary


  • Founded n-actuarial in 2015
  • Credentialed by both Institute & Faculty of Actuaries (UK) and Society of Actuaries (US)
  • Experience practising as an actuary in many countries across Asia, America, Europe, Africa as well as Australasia
  • Was the youngest Malaysian to become a qualified actuary at age of 23
  • Past Council Member of Society of Actuaries Entrepreneurial & Innovation Section
  • Winner of Society of Actuaries 2020 Young Actuaries in Asia Essays on Societal Impact Award
  • One of the few actuaries that has been selected to present multiple times at the International Congress of Actuaries

Unique Founder Advantage:
Skills and experience in the field of insurance, technology and AI
Vision of digital transformation of the insurance industry


n-actuarial currently has a strong team of 25 people, comprising of professional actuaries and accountants. The senior team members have extensive experience at board, senior management and technical levels in the insurance industry, in life insurance, general insurance, takaful and reinsurance companies, across all functions including general management, marketing, risk, finance, actuarial, product and strategy. Currently, n-actuarial has 7 actuaries with credentials from international actuarial professional bodies, making us one of the largest teams in South East Asia. 




Featured on malaysiakini: Nicholas Actuarial Solutions raising capital through equity crowdfunding

4 months ago by Nicholas Yeo

Kuala Lumpur, Malaysia: Nicholas Actuarial Solutions Sdn Bhd, the top actuarial firm in Asia, has launched an equity crowdfunding campaign to raise up to MYR 10 million. This equity crowdfunding campaign will be conducted via pitchIN, a leading equity crowdfunding platform. The equity crowdfunding campaign goes pre-live on 24th November 2020 where reservations for investment begin.

The upcoming pitching sessions will be conducted by Nicholas via Zoom on:

The Zoom link can be requested from [email protected]

Continue reading: 



Equity Crowdfunding (ECF) & My Role as a Founder

5 months ago by Nicholas Yeo

We have recently started our equity crowdfunding campaign. 

In this one week, this has attracted a lot of momentum and also many questions. A lot of the questions relate to myself, as many perceive investing in early stage private equity akin to investing in the founder. Potential investors are keen to better understand my role in the company and how I manage the business, people and adversity. In this post, I share the questions and answers with everyone regarding my overall role and revenue generation.

Q: What is your role in the company?

A: I focus on 3 things:

Revenue - ensure we achieve revenue growth and revenue related targets.

Finance - ensure there is sufficient money to fund the business and future growth plans.

Quality - ensure quality control with a strong team and continually improving processes.

I may seem to be doing many things, but everything that I do ultimately relates back to revenue, finance and quality.

Q: How do you ensure there will be sufficient revenues?

Continue reading:



Equity Crowdfunding (ECF) & Your Personal Investment Strategy [Part 2]

5 months ago by Nicholas Yeo

Wealth Distribution vs Wealth Accumulation

During your wealth accumulation phase, the focus is to build maximum wealth. However, during the wealth distribution phase, the focus is for investments to generate income. There is normally a need for cash flow income.

Let's say a person with $10,000 is faced with two investments:

Investment A provides a dividend of 10% p.a. over 5 years and no capital growth (i.e. it pays $1,000 every year and at the end of 5 years the value of the investment remains at $10,000).

Investment B provides no dividend but a capital growth of 30% p.a. but no dividend (i.e. it pays nothing every year and at the end of 5 years the value of the investment becomes $37,129).

If it is immediately concluded that Investment A more suitable than Investment B in the wealth distribution phase then the concept of wealth distribution phase is misunderstood.

People in wealth distribution phase typically requires cash flow income from their investment. However, it does not necessarily mean that an investment with regular cash flow is preferred to an investment with only capital gains. One needs to consider:

  • how much regular cash flow is needed?
  • are there any potential one-off cash flow outgo?
  • what other sources of income are available?

Continue reading:



Equity Crowdfunding (ECF) & Your Personal Investment Strategy

5 months ago by Nicholas Yeo

Concept of Risk & Wealth Accumulation

An investor with a narrow, short term view would associate risk with the notion of not receiving back less than the value of their investment.

However this is not a holistic view of risk, and often backfires. A more holistic definition of risk is any deviation from your expected or intended outcome.

Let's say a person with $10,000 is faced with two investments:

Investment A provides a 100% chance of earning 3% p.a. over 5 years (i.e. at the end of 5 years $10,000 will become $11,592)

Investment B provides a 50% chance of earning 10% p.a. over 5 years (i.e. at the end of 5 years $10,000 will become $16,105), and a 50% chance of losing the whole investment (i.e. at the end of 5 years $10,000 will become $0)

If it is immediately concluded that Investment A is less risky than Investment B then the concept of risk is misunderstood.

The concept of risk revolves around the objective. Is this person looking for an investment with no chance of losing money? Or is this person looking to maximise the potential upside? Or is there a specific use for this money at the end of 5 years?

Let's say this person needs to have at least $15,000 by the end of 5 years. So this would be the investment objective. So with respect to this investment objective, the chance of not meeting the objective with Investment A is 100% and with Investment B is 50%. Hence Investment B is less risky than Investment A in this context. Once the personal investment objectives are clear, investors would be able to make a rational decision.

Real-Life Example

As an example, one of my potential investors has clearly stated that he would like his money to grow into a new Mercedes car from this equity crowdfunding investment in 5 years. With this clear objective, it can be clearly calculated what should be the investment amount:

1. Mercedes AMG GT costs about MYR 1,500,000.

2. Our crowdfunding targets 86% per annum return.

3. The investment amount required is MYR 68,000.

Continue reading: 



Featured on Business News This Week: Nicholas Actuarial Solutions Equity Crowdfunding

5 months ago by Nicholas Yeo

Kuala Lumpur, Malaysia: Nicholas Actuarial Solutions Sdn Bhd, the top actuarial firm in Asia, has launched an equity crowdfunding campaign to raise up to MYR 10 million. This equity crowdfunding campaign will be conducted via pitchIN, a leading equity crowdfunding platform. The equity crowdfunding campaign goes pre-live on 24th November 2020 where reservations for investment begin.

Continue reading: 



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Equity Crowdfunding is risky. You are investing in early stage companies which may not do well and could even fail. You could lose part or all of your investment. You may not be able to sell your shares easily.

Investments are speculative and carry high risks. To decrease exposure, these types of investments should only be made as part of a diversified portfolio. Spread your risks and only invest money that you can afford to lose. pitchIN wants all investors to understand these risks and make careful investment decisions. You are also encouraged to seek independent advice.