Actuarial Services

Much more than just crunching numbers, our team approach delivers easy-to-understand analysis and cost-effective, timely solutions to help solve your most complex business problems.

 

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Helping Actuarial Services Clients

Committed to providing superior professional services we help your organization understand and assess its true cost of risk. We strive to develop long-term partnerships with our clients, across a wide variety of industries and specialized needs including:

    • Self-insured organizations
    • Captives and Risk Retention Groups
    • Accounting firms
    • Insurance companies
    • Insurance departments
    • Private Equity mergers and acquisitions
    • Regulators

You’ll get clear, logical results that enable all stakeholders to knowledgeably participate in the process of turning our insights into your opportunities.

We offer loss reserve analysis and statements of actuarial opinion to assist clients in establishing proper

liabilities for their financial statements. For each project, our consultants take into account socio-economic trends, operational changes, and legislative reform that may affect the reserves.

We assist insurance companies in determining fair and reasonable prices for their products and develop loss forecasts for self-insured organizations to use in the planning and budgeting process. Our team has experience with filing rates in almost every jurisdiction and has worked with self-insured entities from a variety of industries.

Our analysis of loss activity by layer can prove invaluable to insurers making decisions about reinsurance programs and to self-insured organizations deciding on appropriate retention levels. We rely on both company-specific and industry loss experience to estimate expected costs.

Having access to a wide range of insurance industry statistics allows us to compare client’s expenses, losses, and other claim statistics to broader industry standards. Benchmarking studies can highlight areas for improvement and assist companies in developing future risk management strategies.

• Expert Testimony and Litigation-Related Consulting

• Premium and Loss Allocation Models

• Cash Flow and Net Present Value Analysis

• Market Research & Competitive Analysis

Before beginning any project, we take the time to understand you and your business goals to ensure each analysis is fully customized to meet your specific needs. Our consultants have the experience and expertise necessary to handle a wide variety of projects. We present practical, objective solutions that undergo a strict peer review process and adhere to the highest professional of the American Academy of Actuaries.

Our experts have deep experience in personal and commercial insurance, reinsurance, and the brokerage industry ranging from the traditional lines of insurance to the more unique and specialized, including:

  • Workers-compensation
  • Auto
  • General liability
  • Medical malpractice
  • Construction defect
  • Warranty

We operate under a principal of continuous communication - simply put, we are not satisfied until you understand our work and its implications for your organization.

Dustin Gary, FCAS, MAAA - dgary@CentricActuaries.com

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