
Meet Your Actuarial Consultants
Personalized Health Actuarial Partner
In 2014, Penmed Actuarial Consultants Ltd. was born from a vision to revolutionize the field of Health Actuarial Consulting in Nigeria.
Penmed Actuarial Consultants is your most trusted partner in navigating health risks, optimizing outcomes through expert actuarial insights.
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The name "Penmed" itself is a testament to our roots, derived from "Pension" and "Medical", the foundational pillars of our actuarial discipline. From the very beginning, our mission was clear: to be a successful, creative, and strategic consulting firm in the industry.
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Whether it's evaluating the financial implications of new policies or implementing data-driven, Health Actuarial Consultancy, Penmed ensures her clients navigate the complex healthcare landscape with absolute confidence.
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Penmed stands as a beacon of comprehensive actuarial and strategic consulting, extending our expertise beyond Nigeria to a global stage. Our expansion reflects our dedication to providing top-tier services to clients around the world.
Our Services
Strategic Consulting
Strategic Consulting
We offer tailored wellness interventions and managed care strategies to enhance your organization's health outcomes. Let us help you navigate the complexities of risk management effectively.
Pricing and Product Development
Strategic Pricing and Product Development
Our expertise extends to health pricing, valuations for gratuity and long service awards, and meticulous regulatory reporting. We also provide in-depth reinsurance analysis, strategic provider negotiations, and precise actuarial valuations to help you navigate the complexities of your industry.
Value Proposition Positioning
Informed Value Proposition
With our vendor analysis and management, as well as tailored knowledge-sharing training sessions, we empower you with the tools for success. Explore our actuarial models for precise pricing and projections that drive decision-making.
ESG Risk Framework Consulting
Risk Management Consulting
Our actuarial firm provides specialized ESG Risk Framework Consulting to help organizations across Nigeria and Africa navigate the growing demands of sustainability, governance, and climate resilience. We design tailored ESG risk models...
Us in Numbers

120+
Clients
98%
Client Satisfaction
11+
Years of Experience
Why Choose Us
1
Tailored Financial Solutions
Penmed Actuarial Consultants Ltd. offers tailored financial solutions designed to meet your specific needs and goals. Our personalized approach ensures that you receive the attention and support you deserve for your financial journey.
2
Expert Guidance
Our team provides expert guidance and attention to detail, ensuring that your financial matters are handled with precision and care. We are committed to delivering high-quality health pricing, valuations for gratuity and long service awards, and meticulous regulatory reporting.
3
Dedicated Support
We provide dedicated support to help you navigate the complexities of risk management effectively, actuarial challenges and opportunities. Our personalized support aims to empower you with the knowledge and confidence to make informed decisions.
4
Industry Expertise
Penmed Actuaries and Consultant Ltd, our team of actuaries is duly certified under the Society of Actuaries in the USA and we adhere to the highest professional standards and guidelines, ensuring that our clients receive top-notch actuarial services.
You can benefit from our industry expertise and in-depth analysis that provides valuable insights into your business landscape. We are dedicated to helping you navigate the complexities of finance with clarity and assurance.
FAQs
Recommended by
HMCAN

HCI LIMITED
​Clients Share Their Stories
For more than a decade, Penmed (Actuarial Consultants) has provided actuarial services to the Health and Managed Care Association of Nigeria (HMCAN), umbrella body of Health Management Organisations in Nigeria. The actuarial reports have been well researched, remarkably accurate and very reliable and have been utilised by our member (HMOs) as a reliable guide for the determination of Health Insurance Premiums in Nigeria since 2014
Dr. Leke Oshunniyi
Chairman, HMCAN, Nigeria
Penmed Actuarial Consultants provide impeccable professional services in a timely manner which are above board.
I would not hesitate to recommend them to anyone seeking actuarial services
Kasumpa Kabalata
Chalwe & Kabalata Legal Practitioners, Zambia
We are pleased to recommend the services of Penmed Actuarial Consultants, a trusted Actuarial valuation company operating within and outside the shores of Nigeria. As a valued service provider, Penmed has demonstrated competence through the design of an Actuarial Module to guide our product pricing. They have been very instrumental in determining adequate reserving that match revenues to expenses for our organisation.
Our collaboration with Penmed Actuarial Consultants has been contributory to improving our underwriting competence which improves our overall bottom line. We highly recommend their services to any organization seeking a reliable and professional
Funbi Fatore
Head, Underwriting HCI Limited, Nigeria
Please contact us by entering your details in the form below, kindly also state the nature of your enquiry, one of our consultants will reach out to you within 24 - 48 hours.


