
SERVICES
Loss Reserve Analyses
-
Evaluation of unpaid loss and loss adjustment expense reserves
-
Analysis of excess insurance 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
-
Projection of future expected losses
-
Analysis of claim cost and frequency trends
-
Projection of cash flows
-
Quantification of risk (variability)
-
Evaluation of excess insurance retention options
Group Self-Insurance
-
Determine funding plans
-
Evaluation of the cost/benefit tradeoff of various excess insurance retentions on the funding plan
-
Determine the effect on expected losses and variability due to alternate levels of deductibles
-
Development of experience rating plans
-
Development of return policies and/or distribution formulae
-
Analysis by rating classification, to assist the client in its loss prevention efforts and rate setting decisions
-
Analysis of loss experience
-
Analysis by rating territory and classifications
-
Analysis of competitive position within the marketplace
Data Management Services
-
Claims system evaluation
-
Data integrity analysis consultation
-
On-site data management instruction forums
-
Data reporting consultation
-
Automated data balancing abilities