Conac is an actuarial service provider, offering local, independent expertise to clients in the Belgian market, whether they are Belgian-based companies or multinationals with operations in Belgium.
The range of actuarial services Conac provides include all actuarial calculations, funding calculations and annual certifications related to a financing plan, Asset Liability Modeling (ALM) and continuity testing. Conac assists clients during their M&A events and provides counsel with their attorneys as needed. Conac provides calculations and reporting according to International Accounting Standards (IFRS, FAS and others).
Customized Software for Actuarial Services
- AMI for Actuaries (Actuarial Manager for IORP's) is a software application created by Conac to help address defined benefit and defined contribution retirement pensions, as well as for death and disability risk. Conac uses one actuarial tool per client covering all sub-processes for actuarial calculations including IAS/IFRS benefit obligations, service costs, provisions, solvency margins, funding levels, and future cash flows.
- Conac ALM provides complete stochastic modeling for risk assessment and their asset liability modeling (ALM) needs. This investment model is an effective tool that yields insights as to how returns and prices on different assets or asset classes can influence the funding of a plan.