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Services for Insurance and Reinsurance Companies
Actuarial Solutions has existing relationships with a number of insurance and reinsurance companies.
Some of the work we do involves:
Loss Reserve Studies
- Independent projection of liabilities, including benefits and related expenses
- Review of discounting
- Review of impact of reinsurance arrangements (both specific excess and aggregate coverages)
- Review of cost of reinsurance
- Review of a reinsurer's liabilities (including quota share and excess of loss)
- Certifications or opinion letters
Ratemaking
- Evaluation of company loss and expense experience
- Review of industry data
- Projection of needed rate level
- Reflection of time value of money
- Class ratemaking
Rate Filings
- Evaluation of company experience for possible deviation from level of advisory loss costs
- Evaluation of company's countrywide operating expenses
- Determination of state specific taxes and assessments
- Determination of RML's, if necessary
- Preparation of Rate and Rule Pages
- Preparation of filing forms and letter
Development of Dividend Plan
Excess Pricing
Development or review of individual risk rating plans such as:
- Retrospective rating plans
- Small and large deductible plans
- Schedule rating plans
- Merit rating plans
- Experience rating plans
Expert Testimony
Other Services
- Evaluation of impact of workers compensation statutory benefit changes
- Calculation of reserves for workers compensation pension claims
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