Life, Annuity & Retirement Solutions: Comprehensive Enterprise Risk Management, Actuarial and Insurance Reporting Helping to manage risk for strong controllership and regulatory compliance and increased profitability is a key Genpact strength. We provide industry leading offerings and a holistic approach to risk management and regulatory compliance to increase efficiency and profitability. Our services include statutory and GAAP reporting, state premium tax calculation, reserve calculations, portfolio monitoring and analysis and data management. Our Approach At Genpact, we provide unparalleled depth and breadth in Enterprise Risk Management, actuarial and insurance reporting. Our history of providing best in class quality at a reasonable cost extends to our dedicated IT audit teams. With flexible and on demand governance and risk consulting services, we provide solutions such as: special investigations and compliance reviews, including SOX and anti-money laundering (AML) programs; process reviews, including control design evaluation; turnkey audit projects to increase coverage and/or address capacity augmentation. We provide actuarial reserving and valuation support with trained actuarial and other qualified resources, including asset valuation calculations and reporting. In addition our insurance statutory and GAAP reporting includes preparation of tax and statutory filings ready for submission by insurer after their final review as well as stat-GAAP walks and rating agency survey preparations. This depth and breadth of experience also extends to our business research. We provide market trends analysis of countries, lines of business and competitors using industry leading tools such as SAS, PTS, APL, UNICA, Siebel, Knowledge Seeker, MG ALFA, Profit, Hyperion, Essbase and Cognos. We put a strong emphasis on human capital development with industry leading practices and execution that drive best in class attrition results. This emphasis on employee development includes established actuarial development programs supporting India, UK, and US exams with more than 100 associates enrolled. This kind of dedication is seen throughout our team of associates with over 200 analysts working in insurance across marketing, research, risk management and actuarial. Associates have 5-plus years experience and over 90 percent of analysts have advanced degrees in quantitative sciences or management. Our overall commitment utilizes our end-to-end thinking to deliver business impact for Life and Annuity companies. We provide a gain share mechanism for incentives that create real impact and a commitment to baseline as well as year on year productivity. These services, enhanced by standardization, benchmarking, reengineering and analytics bring value to our offerings with increased efficiency delivering strong controllership and compliance. Client Successes A leading Life and Annuity Company was experiencing unacceptable losses in its overall annuity portfolio. Genpact helped improve solvency by $83 million by developing and implementing a predictive modeling tool for annuity lapses that helped the business improve their forecasting projections by more than 25 percent. Another success was with a leading Financial Services Company who was experiencing inconsistencies and inefficiency in its cash flow process. By employing standard analytics and reengineering we were able to improve their liquidity by $600 million annually.