Unveiling a World of Solutions: Services Offered by Prima Consulting
We understand the unique challenges and opportunities facing businesses in the MENA region, including navigating complex regulations and capitalizing on emerging market trends.
We build lasting relationships with our clients, serving at all levels to become your dedicated partner for success.
Prima Consulting is committed to delivering exceptional client service, guaranteeing that you will not only receive expertise but also a dedicated partnership throughout your journey.
We go beyond problem identification. We leverage data analytics and industry best practices to deliver measurable results.
Prima Consulting offers a robust suite of managed services to streamline your back-office operations and free up valuable resources to focus on core business activities. Here’s what we offer:
Prima Consulting provides a comprehensive range of consultancy services to help you navigate the complexities of financial and risk management. Our expert consultants offer the following:
We provide comprehensive services, including IAS 19 valuations, auditor's expert reviews, new scheme setup, and benefit harmonization. Our team can also develop asset/liability models, conduct replacement ratio studies, and assist with DB to DC conversions, fund terminations, and expense/cash flow studies. Among other things, our actuarial services in Saudi Arabia, UAE, Pakistan, and elsewhere, support organizations in aligning employee benefit valuations with IAS 19 and IFRS 17.
We offer appointed actuary services, technical reserves valuations, pricing & ratemaking services, actuarial modeling expertise, and support for embedded derivatives and enterprise risk management. We conduct reinsurance assessments, provide expert services for insurance reserve reviews, and deliver advanced insurance data analytics solutions.
Our team offers a wide range of management consulting services, including business advisory, business process management, financial planning & analysis (FP&A), SOPs review and assessment, virtual CxO Services providing on-demand senior leadership expertise, business strategy reviews to help you chart your course, and business & financial modeling for informed decision-making. We also help clients review pricing strategies and campaigns, conduct feasibility studies, and navigate complex challenges.
We offer expert guidance and support for various IFRS standards, including IFRS 2, 3, 9, 13, 15, 16, 17, and IAS 36. Our services encompass high-end operational advisory, financial reporting, and more.
We help you develop an appropriate business case, build robust ECL models, and implement effective hedging strategies. We also provide expertise in derivative valuations.
Our team offers comprehensive internal audit and consulting services, covering aspects like Sox 404, COSO, ICFR, and internal controls. We also assist with enterprise risk management, entity risk profiling, and governance, risk, and compliance (GRC) frameworks. We even provide training programs for both technical and soft skills development.
We help families develop a family charter, establish a family council with clear terms of reference, and set up shareholder councils with defined mandates. We also assist in forming working groups and committees and crafting effective shareholder agreements.
We offer expertise in the board of directors and committee formation, risk management framework development, and asset portfolio evaluation matrices. Additionally, we guide community service initiatives to give back to society.
Prima Consulting can empower your business with cutting-edge technology solutions in today’s data-driven world. Our services include:
We offer a unique blend of deep regional expertise, proven methodologies, and data-driven insights to deliver customizable solutions and measurable results. Our collaborative approach ensures a long-term partnership focused on your success.
We understand businesses' specific challenges and regulations in the MENA region, particularly in key markets like Saudi Arabia and the UAE. We can help you navigate IFRS compliance, manage financial risks, optimize your operations for sustainable growth, and seize the opportunities presented by emerging market trends.
Our team of seasoned professionals boasts over 50 years of combined experience in various financial and risk management disciplines. We hold relevant certifications and possess in-depth knowledge of IFRS, actuarial science, and best practices in the MENA region.
Schedule a free consultation today to discuss your challenges and explore how Prima Consulting can help your business thrive!
Actuarial services in UAE include pension valuations, insurance reserving, employee benefits valuation, and risk management advice. These help you manage future costs and stay compliant with rules.
IFRS 17 consulting Middle East supports insurance companies in navigating complex new accounting rules, adjusting financial reporting, and managing data requirements. This consulting helps businesses meet local and international standards while minimizing operational disruption.
Many firms find the "Business as Usual" (BAU) phase is where the real complexity hits. Post-implementation, a quality IFRS 17 outsourcing service should provide sustained operational support. This includes running your quarterly or annual IFRS 17 reporting processes. We help with tasks like calculating the Contractual Service Margin (CSM) run-off and generating complex disclosure requirements. We also help you maintain your technology systems. This keeps your internal teams focused on forward-looking performance metrics, not on the tedious reporting cycle. It’s about creating a reporting process that is steady and reliable.
Our employee benefits valuations in UAE services cover actuarial valuations of defined benefit plans, end-of-service benefits, and other post-employment obligations. We offer tailored reports, compliance assurance, and advisory support to help organizations manage their liabilities effectively. Learn more about the full scope of our employee benefits valuations in UAE services.
Our employee benefits consultancy encompasses a wide range of solutions, including benefit design and benchmarking, actuarial valuation, regulatory compliance advice, and communication strategy development. This integrated approach ensures your employee benefit programs are efficient, compliant, and aligned with organizational objectives.
In the dynamic UAE regulatory landscape, we monitor labour law updates and financial reporting standards to ensure your actuarial & employee benefits solutions in UAE remain compliant and forward‑looking. Our process includes periodic audits, scenario stress testing, and proactive design revisions.
Absolutely. Our actuarial & employee benefits solutions in UAE include valuation of end‑of‑service benefits (EOSB) under UAE labour law, incorporating demographic, financial, and future service assumptions to deliver reliable liability models and funding strategies.
Yes — we go beyond valuation. Our actuarial & employee benefits solutions in UAE also include benefit plan redesign, benchmarking against UAE market norms, cost vs value analysis, and helping you shift from one‑size‑fits‑all to tailored, performance‑linked packages.
An IAS19 valuation is essential for companies managing employee benefit schemes as it provides a standardized approach to quantifying pension and other post-employment benefit liabilities. This valuation ensures transparency and compliance with accounting standards, which is critical for financial reporting and risk management. Explore how our IAS19 valuation services can support your business needs.
Implementing IFRS 9 software solutions can significantly enhance accuracy and efficiency in financial reporting by automating complex calculations and ensuring compliance with evolving standards. These solutions also improve data consistency across departments, reduce manual errors, and provide comprehensive audit trails. To explore tailored technology options that integrate seamlessly with your existing systems, consider our expert guidance on IFRS 9 software solutions.
Prima Consulting holds ISO 27001 for information security management. This backs our handling of sensitive financial data. Compliance builds client trust in all markets.
ISO 27001 certification strengthens Prima Consulting's data handling in IFRS and actuarial work. Practices now include regular audits and controls. You share data securely across regions.
ISO 27001 means Prima Consulting follows proven standards for data security and confidentiality. Risks get assessed; controls protect financial info. Breaches drop sharply.
Prima Consulting protects data with ISO 27001 controls, encryption, and access limits. Audits and training cover teams. Your actuarial and financial info stays safe in KSA, UAE, Pakistan, Germany, rest of Europe, rest of Middle East.
Prima Consulting partners with IFRS Tech for Delta software and tech firms for implementations. Collaborations enhance IFRS 17 and risk tools. Joint efforts serve more clients across markets.
Details on Jubilee General Insurance IFRS 17 show Prima Consulting's role in transition, data setup, and Delta deployment. Reporting automated successfully. Similar wins repeat in regions.
Case studies detail Prima Consulting's valuations for M&A, using IFRS 13 fair value. Financial models support deals in insurance. Outcomes include smooth integrations across KSA, UAE, Pakistan, Germany, rest of Europe, rest of Middle East.
Clients report 30-50% time reductions in reporting, cost savings from ECL automation, and compliance passes post-IFRS 17. Risk exposure drops with hedging. Growth follows in all markets.
