Advanced Relational Software

Risk Management (Property/Casualty) Software and Actuarial Services for Large Corporations - Estimated Fees

 Contact:Jim Postilion
(847) 956-1453

Estimated Fees for Software Services
"Software" Fees will depend on the estimates in a "Proposal". Below are estimates based on an average installation of 100,000 claims x 20 years. ...
Software
Component		 Estimated
Development Fee		 Estimated Annual
Maintenance Fee		 Estimated
Production Fee
1) Claims $45,000 (1st Year) $15,000 (thereafter) $25,000 (annual)
2) Exposure $15,000 (1st Year) $5,000 (thereafter) $20,000 (annual)
3) Insurance Budget $15,000 (1st Year) $5,000 (thereafter) $10,000 (annual)
4) Cost Allocation $15,000 (1st Year) $5,000 (thereafter) $20,000 (annual)
5) Safety $45,000 (1st Year) $15,000 (thereafter) $25,000 (annual)
Estimated Fees for Actuarial Services
"Actuarial" Fees will depend on the "Actual Hours". Below are estimates based on an average client.
Actuarial Service Estimated
Setup Fee		 Estimated
On-Going Fee
1) Actuary Study $35,000 (1st Time) $35,000 (thereafter)
2) Insurance Program Evaluation $10,000 (1st Time) $5,000 (thereafter)
3) Loss Experience Evaluation $10,000 (1st Time) $5,000 (thereafter)
4) Cost Allocation Strategies Evaluation $10,000 (1st Year) $5,000 (thereafter)
5) Special Projects $10,000 (1st Year) $5,000 (thereafter)