Actuarial

We offer a full range of actuarial services for your company's disability products that will help you quantify, evaluate and manage your program's profitability. We have an experienced actuarial staff and access to a large database of experience information to assist you in developing and maintaining a profitable, growing block of disability business.

Our Actuarial staff can assist you with pricing, product development, reserve establishiment, projections, analysis and more. With a team of professionals experienced in all facets of disability insurance, we are qualified to offer sound advice and guidance on all aspects of actuarial support. Our actuarial services include:

Ensuring Optimal Pricing

• Develop rates and provide analysis
• Evaluate pricing guidelines, methods and tools
• Combine pricing and risk selection to produce competitive rates
• Provide rate formula evaluation

Segmentation and Analysis

• Conduct detailed segment analysis on financial results using a variety of risk factors such as area, industry, size and plan design
• Provide experience analysis
• Implement block analysis and claim block buy-out evaluation
• Produce valuation of open claims
• Provide quarterly reporting

Proper Reserving

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