Loss Reserve Analyses
- Evaluation of unpaid losses and loss adjustment expense reserves
- Analysis of reinsurance recoverable
- Analysis of adverse development (reserve variability)
- Confidence level reserving
- Statements of Actuarial Opinion
- Projected payment patterns and reserve discounting
- Calculation of reserve durations
- Loss and LAE reserves as of year end for tax purposes using IRS interest rates and payment patterns
Ratemaking Analyses
- Analysis of loss experience
- Analysis by rating territory and classifications
- Analysis of competitive position within the marketplace
Funding Analyses
- Projection of future expected losses
- Claim cost and frequency trends
- Projection of cash flows
- Quantification of risk
- Evaluation of reinsurance covers
Group Self-insurance
- Determine funding plans
- Evaluation of the cost/benefit tradeoff of various SIR's on the funding plan
- Evaluate the efficacy of aggregate excess reinsurance (effect on confidence level, probability of attachment, probability of exceeding coverage)
- Determine the effect on expected losses and risk due to various levels of deductibles
- Development of experience rating plans
- Development of return policies
- Development of return distribution formulae
- Analysis by rating classification, to assist the client in its loss prevention efforts and rate setting decisions
Data Management Services
- Claims system evaluation
- Data integrity analysis consultation
- On-site data management instruction forums
- Data reporting consultation
- Automated data balancing abilities
|
