Society of Actuaries of Indonesia
Ikatan Akuntan Indonesia
Institut Akuntan Publik Indonesia
Society of Actuaries
International Actuaries Association
IAA Consulting Actuaries Section
Badan Pengawas Pasar Modal Lembaga Keuangan
Financial Planning Standard Board
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Padma Radya Aktuaria

We are pleased to introduce to you our Company, PT Padma Radya Aktuaria

PT Padma Radya Aktuaria is a registered Professional firm focusing on actuarial consulting service . A well-experienced and highly educated professionals who have all experience in actuarial consulting fields. The PT Padma Radya Aktuaria is located in Jakarta with a total workforce of full-time professionals.


PT Padma Radya Aktuaria provides assistance in actuarial consulting such as Employee Benefit, where we intend to bridge the accounting and the actuarial aspect in a systematic and integrated way.



 

Life Insurance Actuarial Update

Gross Premium Valuation will be applied to the insurance industry in Indonesia

The net premium reserving regime in Indonesia will soon come to end. In early 2011, Indonesian Accounting Standard Board (DSAK IAI) has issued Exposure Draft on the revision of PSAK 36 on Accounting for  Life Insurance, and PSAK 62 (Insurance Contract), the latter adopts currently applicable international GAAP on insurance contract, IFRS 4 (Phase 1). This is part of the convergence process of Indonesian GAAP (PSAK) to International GAAP (IFRS).

 

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PSAK 24 Revised Update

PSAK 24 (Revised 2010) on Employee Benefit

In January 2011, Indonesian Financial Accounting Standards Board (DSAK IAI) has approved announcement of PSAK No. 24 (Revised 2010).

PSAK No. 24 Revised 2010 is Indonesian accounting standard on employee benefit cost, and it takes on the contents of currently applicable IAS 19, as part of convergence process of Indonesia accounting standard to international GAAP (IFRS). Two main differences with current PSAK No. 24 Revised 2004 are :

 

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