S G Actuarial Consultancy













Who is an Actuary?

As per the Institute & Faculty of Actuaries, UK “Actuaries are Problem Solvers and Strategic Thinkers, who use their Mathematical skills to help measure the Probability and Risk of Future Events. They use these Skills to predict the Financial Impact of these Events on a Business and their Clients.”

The Subject of Actuarial Science cover several areas such as Life (Long Term) Insurance, General (Non-Life) Insurance, Risk Management, Investments and Pensions. Hence, globally Actuaries work not just in Insurance Companies but also fields of Risk Management / ERM for both Financial and Non-Financial Organizations as well as roles connected to Investments.

What We Offer

We understand that Actuarial Science being a highly Technical Area of Expertise is not easily understood by everyone. We help you understand.

Our support is both in the form of Training as well as Internal Support Services. We will help you understand Actuarial Science using Non-Technical Methods & Language and enable more productive communication with your Actuaries. Due to Our Experience we are able to adopt a Holistic Approach when helping you.

As we offer Risk Management Support our Clients are not just Insurance Companies.

Mission Statement

To provide High Quality Actuarial Support Services without compromising on Professionalism and Ethics

Vision Statement

To bridge the gap between Non-Actuarial Professionals and Actuarial Science not just in Sri Lanka but Worldwide

Core Values

Integrity – Professionalism – Reliability – Commitment – Consistency – Efficiency – Innovation


We have received very positive feedback on the Consultancy Services and Training Programmes we offer. Here is what persons from various Professions and Organizations are saying about our Consultancy Services and Training Programmes.


Reviews of the Consultancy Services

Mr. Prakash Schaffter,

Executive Chairman,

Janashkthi Insurance PLC

Mr. Judhajit Sen,

Former Managing Director & Chief Executive Officer

LIC (Lanka) Ltd.

Mr. Lalith Fernando,

Chief Executive Officer,

MBSL Insurance Company Ltd.

“We wanted specialized input on an Ad-Hoc Project. Hence, we engaged with S G Actuarial Consultancy (Pvt) Ltd. to receive input from Saroja who has a strong Actuarial, Insurance and Regulatory background.

She was able to complete the work within a very short period to a level that was very satisfactory to us. We have no hesitation in engaging with the Consultancy again as and when the need arises.”

Mr. Ruwan Sugathadasa,


Ambeon Holdings PLC 

Managing Director / Chief Executive Officer

Taprobane Capital Plus (Pvt) Ltd.

“We engaged Saroja’s Consultancy S G Actuarial Consultancy (Pvt) Ltd. for about 2 Years for Risk Management Support primarily for our Financial Sector Companies. She was able to provide the required support. We found her Documentation Skills to be Exceptional and she developed Standard Procedure and Compliance Documents for a variety of areas.

Given her thorough knowledge of Insurance, she also supported the Group to streamline their General Insurance Arrangements.

We would certainly engage her in our future related work.”

Reviews of the Training Services

Mr. Ravindra Mohan

Vice President Consulting & Business Development,

Aetins Sdn Bhd, Malaysia

Actuarial Training Programme for Non-Actuaries – Life Insurance & General Insurance

“I recommend this course to all those Life Insurance Professionals, who are keen to understand Actuarial aspects of Pricing, Cashflows, Reserving, RBC etc.

I attended this course and found it beneficial. While I knew these topics to some extent before, attending this, definitely helped me deepen my insights into each of these areas. Quite useful for a person like me, who don’t want to be an Actuary, but, want to know what an Actuary does 😊

A well structured course by Saroja.”

Mr. Shenal Abeywardena,

Assistant Manager – Group Life,

Janashakthi Insurance PLC

Actuarial Training Programme for Non-Actuaries – Life Insurance & Group Term

“I had the privilege of attending S G Actuarial Consultancy’s Actuarial Training for Non-Actuaries and coming from a sales background, I got a holistic view of how important it is consider various factors when it comes to being successful in Life Insurance. Most of the time, Sales Manager and Sales heads only look at the top line and doesn’t take into consideration Products & Product Profitability and how everything plays apart on the Company’s success”.

Mr. Jude Silva,

Senior Brand Manager,

Janashakthi Insurance PLC

Actuarial Training Programme for Non-Actuaries – Life Insurance

“I was privileged to take part in the Actuarial Training Sessions conducted by Saroja which greatly helped me in understanding the basics of Insurance Theoretical and Technical Studies from an Actuarial point of view.

Especially as I am coming from a non-technical background and involved in Brand Management this was a new experience for me. However, the simplicity in which the concepts were explained and interactive nature of the way it was conducted helped me in getting a wide exposure which I am no doubt would help me in Product Development and Marketing Activities.”

Mr. Thayakone Inthavong,

Broker Assistant,

Asia Reinsurance Brokers Pte Ltd., Singapore

Actuarial Training Programme for Non-Actuaries – General Insurance

“This is indeed a very useful training course for not only the personnel who are working in Insurance industry regardless of the position and experiences. However, also it has unfolded certain aspects and deepen the knowledge necessary for Reinsurance as well.

Above all, the most important things that we achieved from this training course are the very well prepared lessons with comprehensive knowledge provided or guided by a passionate and experienced actuary.

One of the quality Actuarial Training Course!”

Mr. Mahendra Wilegoda,

former Head of Life Operations,

Janashakthi Insurance PLC

Actuarial Training Programme for Non-Actuaries – Life Insurance & Group Term

“As a life assurance technical person we do experience and involved with many Actuarial related work functions in our day to day business and it was a great experience to study concepts of Actuarial Science in an organized and simplest manner with easy to understand.

This two Months weekend study Course enabled us great insights into the practical aspects of a complex subject in more simplified way with peace of mind and with more focus.

I should be thankful to you for enabling us to understand the practical aspects of an Actuarial concepts in a simplest way and I am sure the main concepts we learned on Product Development, Pricing and Profitability Testing shall add value to our immediate business perspectives.”

Mr. Hashra Weerawardena,

General Manager – Life Operations,

Janashakthi Insurance PLC

Actuarial Training Programme for Non-Actuaries – Life Insurance & Group Term

“For those of us who are non-actuaries and from difference fields of expertise in the Insurance Industry it was a great experience learning about the concepts of Actuarial Science in a simple and easy to understand way.

Your 2 Months Course gave us great insights into the practical aspects of a complex field of study. It was time worth spending specially on Sunday mornings!

I am sure we will not only remember but use in our daily work the key concepts that were discussed within this short period.

Thank you for enabling us understand the practical workings of an Actuary in the simplest way!”

Ms. Chantrea Sam,

Actuarial Assistant Manager,

Forte Life Assurance, Cambodia

Actuarial Training Programme for Non-Actuaries – Life Insurance & Group Term

“I enjoyed attending S G Actuarial Consultancy’s Actuarial Training for Non-Actuaries and learned a lot from it. The content was short but quite informative and completed everything within several hours. I highly recommend to the top management who are looking for a short training for their staff to increase their competences.”

Mr. Menuka Fernando,

Management Assistant – Finance Department,

National Insurance Trust Fund (NITF)

Actuarial Training Programme for Non-Actuaries – General Insurance

“I was prerogative to participate the actuarial training sessions as a member of NITF which conducted by Ms. Saroja. These sessions were very productive and practical while applying the theories for mechanism of Data Analysis and drafting the Reports.

Especially, when working under the Finance background, her theories are very convenient for Solvency and Risk Analysis.

The doubts and misinterpretations that had been met before in preparing Actuarial Reports could get cleared, because of Saroja’s well organized course materials.

I learnt about lots of areas from these GI Actuarial Training Sessions and they were very impressive. They are closely related to my workings under Finance and Actuaries.

Mr. Patkunarajah Kugesan,

Manager Risk and Control,

HNB Assurance PLC

Actuarial Training Programme for Non-Actuaries – Life Insurance & General Insurance

“Very well organized and conceived, course materials were good, the mentoring approach was good, and working with other people via the Zoom was good.

The instructor did a good job of communicating and making it a more intimate arrangement. Saroja is very good about getting me through difficult issues and keeping in touch with the class and I think it’s a very solid course for Non Actuaries to learn about Actuarial Science related to Insurance business. I learned a lot.”

Ms. Ugyen Choden,

Assistant Manager – Risk Management Division,

Royal Insurance Corporation of Bhutan Limited, Bhutan

Actuarial Training Programme for Non-Actuaries – Life Insurance & General Insurance

“The course overall was great. I have undergone the whole of 3 Training Sessions under General Insurance and 9 Sessions under Life Insurance with Ms. Saroja.

Even though the Training Program was designed for Non-Actuarial I found the Training Program useful as it covered both Theoretical and Practical Aspects of a wide range of areas relating to Actuarial work including Risk management which is my current practice area.

This is an excellent Training Program especially for those Actuarial Professionals who are starting their career in Insurance industry as it is easy to relate it to day-to-day work.”

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