Understanding Actuarial Gains & Losses in Employee Benefits Valuation-Part 2
In this video, Hemanshu Jain from Whitepaper Actuaries unpacks the concept of experience gains and losses—the financial impact when actual employee data deviates from assumptions. We cover key drivers of experience gains and losses in a employee benefit scheme, such as: ✔️ New joiners and employee exits ✔️ Salary increases vs. assumptions ✔️ Leave balance movements ✔️ Attrition mismatches 🔍 Understanding these drivers helps: ✔️ Refine future assumptions ✔️ Detect errors or mismatches ✔️ Highlight one-time events like restructuring ✔️ Build auditor and stakeholder confidence ✔️ Strengthen financial planning and risk oversight Click to know more!