Our role in the premium review process is to update forecasts of the projected losses for the insurer. The projected losses are then loaded for expenses, investment income, and an explicit risk margin.
Loss Reserve Certifications
Our role in the reserving process is to assist management by assessing the adequacy of the liabilities for losses and loss adjustment expenses carried on the balance sheet of the insurer. We will provide a Statement of Opinion ("SAO"), an Actuarial Opinion Summary ("AOS"), and an Actuarial Report documenting the scope of our analysis, the methods used, significant assumptions, and conclusions.
Rate Filing support
For admitted insurance carriers, we will prepare the necessary actuarial exhibits and rate certifications to be filed with state departments of insurance.