Case Studies — Actuarial & Compliance Results

−40%

Impl time

IFRS 17 · Insurance

IFRS 17 Implementation for a US-Listed Insurer

Sector: Insurance · Region: India + US · Size: Mid-market

Challenge: A US-listed insurer with a large Indian book of business needed to move from IFRS 4 to IFRS 17 across life and general insurance portfolios. Their internal actuarial team was stretched, and they did not have GGY Axis modeling capacity in-house.

Solution: Assurion put a 4-person actuarial team alongside the client's finance and actuarial functions. We built the IFRS 17 model in GGY Axis, designed CSM waterfall reporting, and ran parallel models for validation. We also wrote Python scripts for data reconciliation between the actuarial system and the general ledger.

Result: Implementation finished 40% ahead of plan. Zero audit adjustments. CSM waterfall reports delivered monthly on schedule. Client kept Assurion on for quarterly reporting.

GGY AxisProphetPythonCSM Waterfall

8 wks

To report

SOC 2 Type I · Fintech

SOC 2 Type II for a Fintech SaaS Company

Sector: Fintech SaaS · Region: India (HQ) + US (customers) · Stage: Series A

Challenge: A Bangalore fintech needed SOC 2 Type II to close enterprise deals in the US. They had 8 weeks before a customer's procurement deadline. No prior audit. Infrastructure on AWS with Kubernetes, GitHub Actions CI/CD, and Datadog monitoring.

Solution: We ran a readiness assessment in week 1 and found 6 control gaps. The client's engineering team fixed them in weeks 2 and 3. We started the Type I examination in week 4 and issued the report by week 8.

Result: SOC 2 Type I delivered in 8 weeks with zero exceptions. Enterprise security team accepted it without follow-up questions. Client moved to Type II the following quarter.

AWSKubernetesGitHub ActionsDatadog

3×

Revenue

White-label · Actuarial

White-Label Actuarial Support for a US CPA Firm

Sector: Professional Services · Region: US (Midwest) · Size: 50-person firm

Challenge: A mid-size US CPA firm had growing demand for employee benefit plan audits that required actuarial valuations, but couldn't justify hiring a full-time actuary.

Solution: Assurion provided white-label actuarial services under the CPA firm's brand. Gratuity, pension, and ESOP valuations for 15+ clients across two busy seasons. Reports delivered in the firm's template.

Result: Firm expanded its service line without hiring. Actuarial revenue up 3x. Client retention improved. Engagement is now year-round.

GratuityPensionESOPWhite-label

−45%

Cost

Employee Benefits · Manufacturing

Employee Benefit Valuations for Multi-Entity Manufacturing Group

Sector: Manufacturing · Region: India · Size: 12 entities, 15,000+ employees

Challenge: A large Indian manufacturing group needed gratuity and leave encashment valuations across 12 subsidiaries for year-end close. Previous firm was slow, expensive, and produced reports auditors kept questioning.

Solution: Standardized the valuation methodology across all 12 entities, built a centralized data collection template, and delivered all reports within 3 weeks of receiving employee data. Each report included Ind AS 19 disclosures and sensitivity analysis.

Result: All 12 reports accepted by auditors on first submission. Turnaround cut from 6 weeks to 3. Cost down 45% from prior provider. Retained for 3 years.

Ind AS 19GratuityLeave Encashment

Results we've actually delivered.

Four engagements.

IFRS 17 Implementation for a US-Listed Insurer

SOC 2 Type II for a Fintech SaaS Company

White-Label Actuarial Support for a US CPA Firm

Employee Benefit Valuations for Multi-Entity Manufacturing Group

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