|
Services for Captives
Actuarial Solutions provides a variety of services to captive entities, including pure captives, association captives, industrial insured captives, agency captives, and risk retention groups.
Reserve Analysis
- Projection of ultimate loss and loss adjustment expense (LAE)
- Determination of liabilities for loss and LAE on a nominal (undiscounted) basis
- Calculation of discounted liabilities
- Assessment of reserve adequacy and derivation of needed IBNR reserves
- Statements of Actuarial Opinion
Feasibility Studies
- Estimation of prospective loss and allocated loss adjustment expense (ALAE) cost
- Expense analysis
- Premium determination
- Assessment of needed capital
- Pro forma financial statements
Determination of Funding Level
- Prospective loss forecasts
- Projection of associated expenses, including ALAE, claims administration fees, taxes, assessments and reinsurance premiums
- Reflection of time value of money
Allocation of Funding Level
- For group captives, determination of each member's contribution using exposure and individual experience
Other Services
- Risk transfer studies
- Determination of the ability of a captive to issue a dividend
- Review of reinsurance needs and the cost of reinsurance
- Estimation of cost impact of individual members joining or leaving a group captive
- Expert testimony
|
