Services: Actuarial

Custom Disability Solutions offers a full range of actuarial services for both your short and long-term disability products that will help you quantify, evaluate and manage the profitability of your programs.

Our actuarial staff can assist you with pricing, product development, reserve establishment, projections and analysis and more, with a team of professionals experienced in all facets of disability insurance.

Our Actuarial Team

We have extensive actuarial resources to support our client's business needs. Our actuarial department consists of three FSAs, averaging 22 years of industry experience, and two actuarial assistants. Let our experience work for you.

Ensuring Optimal Pricing

• Rate development and analysis
• Reevaluate pricing guidelines, methods and tools
• Combining pricing and risk selection to produce more competitive rates
• Develop underwriting guidelines, tools, and rate renewal programs
• Rate formula component evaluation

Segmentation and Analysis

• Conduct detailed segment analysis on financial results using a variety of risk factors - geographic, industry, size and plan design
• Experience analysis
• Block analysis and claim block buy-out evaluation
• Aggressively pursue areas where performance is better than expected
• Valuation of open claims with quarterly reporting

Proper Reserving

• Test reserving formulas
• Reserve development and calculation
• Refined data checking procedures to ensure the integrity of the reserve process
• Produce a reserve basis that provides an unbiased picture on the performance of the block of business
• Test reserves in aggregate each quarter
• GAAP/STAT