IMPRESSIONS FROM CUSTOMERS OF NON-LIFE INSURANCE COMPANIES
“We trust and choose ABS’s TFRS17 software for TFRS17 Implementation because we have confidence in the ABS team. Currently, we have received several services from ABS, such as IBNR calculation, employee benefits, and TFRS4. ABS Teams are genuinely friendly and attentive. They answer any question precisely and always find the best solution to a customer’s need. These factors and processes hardly intervene in our regular company’s schedule. Moreover, ABS clearly explain the knowledge of the new accounting standard in an easy-to-understand way and always be available for consultation including the Office of Insurance Commission (OIC) and Thai General Insurance Association (TGIA) areas.”
JAYMART INSURANCE PUBLIC COMPANY LIMITED
“We are impressed by ABS’s meticulousness and attentiveness, in which they are specialized in solving problems from the data level to accounting policy. Especially punctuality, ABS always responds to customers’ need on time; whether the need is about accounting or the IT field, ABS pass on the knowledge and take action practically. ABS executed UAT perfectly, professionally, and friendly. Furthermore, ABS always assist in various tasks, such as preparing a complete informative presentation, preparing an Expenses Allocation report, preparing a report for the Office of Insurance Commission (OIC)’s questionnaires, as well as designing a whole accounting plan, etc. Finally, we really appreciate the ABS team for their excellent collaboration with the Big 4 auditors, resulting in a swift completion of TFRS17 and soon we are ready to implement it. Thus, we strongly recommend ABS for TFRS17 implementation."
KING WAI INSURANCE PUBLIC COMPANY LIMITED
“We are impressed working with ABS on the TFRS17 implementation project. ABS team give recommendation systematically and responds to questions promptly. They work proactively, professionally, and friendly, and we could apply these skills to our management of the company. ABS's TFRS17 team has high quality and can answer all curious questions, including in the field of accounting, IT, actuarial science, and even the handling of insurance policy that covers more than 1 year. As well as clarify and answer all auditors’ queries perfectly. Therefore, it gives us comfort and assurance as we ensure that the TFRS17 system of ABS is practical and efficient. Finally, we strongly suggest the high quality of ABS work to others and we are thankful to the ABS team, especially Professor Tommy who is always dedicated to helping the company.”
THAI PAIBOON INSURANCE COMPANY LIMITED
“We trust and choose ABS’s TFRS17 software for TFRS17 Implementation because we have confidence in the ABS’s quality and service. Since the project started, we can see that ABS works in an organized manner, genuinely understand the business, and is an expert in mixing theories and practices in every step of the process in order to fulfill the company’s requirements. As a result, our company has a successful plan for the transition and implementation of TFRS17 and it complies with a standard specified by the Federation of Accounting Professions. In addition, ABS has impressive project management in tracking and working punctually. ABS also has perfect communication with our Thai team and foreign executives. ABS has been providing consultation and assistance on many points that we do not truly understand. Lastly, we sincerely hope that our cooperation can make everything successful."
THAI SRI INSURANCE COMPANY LIMITED
ASIA INSURANCE 1950 PUBLIC COMPANY LIMITED
We believe in the ABS team and Professor Tommy that can explain difficult things to look much easier. ABS has one-stop and all-rounded services including the area of accounting, IT, and actuarial science so that we can work and operate directly to the point promptly and efficiently. Our company decided to assign ABS a responsibility for all the services relating to TFRS17 since 2021. Finally, we appreciate ABS once again for your dedication to our team.
CHARAN INSURANCE PUBLIC COMPANY LIMITED
“Before the effectiveness of TFRS17, we were looking for a provider that has knowledge and ability to service TFRS17. Eventually, we select and rely on ABS to assist in managing and implementing TFRS17 since the beginning of 2022. ABS’s services include organizing, advising on information, and designing fully suitable and appropriate accounting methods for the company. We greatly appreciate ABS for understanding and adjusting the scope of work to be flexible and applicable to the company's working process. ABS also studies, communicates, and runs workshops to comprehend our several internal departments. Therefore, we believe our TFRS17 will be completely successful within a target time frame with the professionalism of ABS.”
“Our company would like to thanks the ABS team and Professor Tommy for supporting us and being our business partner who has consistently delivered premium services. We have continuously used the service for years because the ABS team has always been dedicated to detail and provided us with helpful business advice. Hence, it's not surprising why we have asked ABS to take care of TFRS17 for the company since 2020. We appreciate ABS for being consistent in terms of quality as well as being more than just a consultant. Especially, ABS's impressive detailing and intelligible communication have made ABS gain satisfying belief from our senior management.”
THE ONE INSURANCE PUBLIC COMPANY LIMITED
“Our company has chosen ABS to be responsible for the TFRS17 Project as a one-stop service consisting of TFRS17 Implementation and TFRS17 software of ABS. This project is an outstanding 3-in-1 service because it requires accounting, IT, and actuarial skills to operate. ABS works efficiently and resolve issues on the spot instantly. We appreciate ABS for being dedicated to details and supporting various tasks received from domestic and foreign executives or OIC. Initially, it might have some obstacles, but when we raised the issue, ABS was always willing to listen and advocate for improvement. Although TFRS17 is a long-term project, we always believe in ABS as a business partner that moves forward together.”
KSK INSURANCE (THAILAND) PUBLIC COMPANY LIMITED
“We have known ABS since its establishment and have been working with the ABS team since the beginning of 2017. We appoint ABS as a consultant to support actuarial matters, as well as enhance skills and educate employees in our actuarial department including training, supporting TFRS17 implementation, and developing tools for analysis. Due to ABS’s professionalism, which involves proactiveness, speedy, meticulousness, comprehensive understanding of business, giving customers importance, and monitoring working status periodically to ensure delivery, we have decided to hire ABS hoping to be our long-term business partner. We would like to thank the ABS team for their continuous service and support.”
AIA GROUP LIMITED
We have used the services implementation of IFRS 17 with ABS that have scope, gap analysis and Financial Impact Assessment . ABS operating is professional and can be used in practical work . ABS has a support team and help answer the question for the company. All implementations are on timeline and there are no delay. We would like to thank the ABS team that help the implementation of IFRS 17 to smooth.
THE THAI SETAKIJ INSURANCE PUBLIC COMPANY LIMITED
Tommy Actuary (Pichet Jiaramaneetaweesin)
Tel: 082 899 7979
Tel: 087 100 7199
ACTUARIAL BUSINESS SOLUTIONS
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