Advanced Relational Software
Risk Management (Property/Casualty) Software and Actuarial Services for Large Corporations - Actuarial Services
(847) 956-1453
JimPostilion@a-r-s.com
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Advanced Relational SoftwareRisk Management (Property/Casualty) Software and Actuarial Services for Large Corporations - Actuarial Services |
Contact:Jim Postilion (847) 956-1453 JimPostilion@a-r-s.com |
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| Actuary Study |
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| Each study typically contains... |
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| 1) An estimate of the total outstanding liabilities needed for accrual |
| 2) Forecasts for ultimate losses, ultimate paid, and ultimate number of claims by policy year and coverage |
| 3) Average loss severities by policy year and coverage |
| 4) Large loss analysis |
| 5) Trended historical exposures and estimated new exposures by policy year and coverage |
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| If requested, each study could also contain... |
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| 6) Separate loss forecasts by state / business unit |
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| Insurance Program Evaluation |
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| Each evaluation could contain... |
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| 1) Retention Level analysis |
| 2) Alternative Funding analysis |
| 3) Captive Insurance Company analysis |
| 4) Insurance Company performance analysis |
| 5) Retro Adjustment estimation and verification |
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| Loss Experience Evaluation |
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| Each evaluation could contain... |
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| 1) Identification of claim adjustor anomalies |
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| Cost Allocation Strategy Evaluation |
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| Each evaluation could contain... |
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| 1) Help establishing correct incentives |
| 2) Help establishing accurate estimates / formulas |
| 3) Help selecting the best methodology / approach |
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| Special Projects |
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| Each "Special Project" could contain... |
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| 1) Accrual Balance reconciliation |
| 2) Legal Expense analysis / reconciliation |
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