Our Services
Life and Annuity
We are poised to offer the full range of actuarial services associated with the development and management of life insurance and annuity products.
Services:
Product development and pricing
Competitive benchmarking
Experience studies (mortality, persistency, expense, etc.)
Assumption development and governance
Model development and governance (including GGY AXIS)
Reinsurance negotiation
Actuarial projections (company-wide or specific lines of business)
Reserve calculation and quarterly financial reporting (statutory, tax, and GAAP - including principle-based reserving, VM-20)
Dividend scale management and interest rate setting
Annual reserve opinion and asset adequacy testing (we are qualified to serve as your appointed actuary)
Annual illustration testing and certification (we are qualified to serve as your illustration actuary)
Regulatory compliance (IRC §7702 and §7702A, NY §4228, nonforfeiture, valuation, and illustration requirements in all U.S. jurisdictions)
Products:
Term
Whole Life (participating and indeterminate premium)
Universal Life (fixed, indexed, and variable)
Universal Life Secondary Guarantees
Survivorship Products (first and last to die)
Final Expense and Preneed Life Insurance
Accelerated Benefits
Deferred Annuities (fixed, indexed, and variable)
Income Annuities (fixed and variable)
Medicare Supplement and Other Accident and Health
We are poised to offer the full range of actuarial services associated with the development and management of Medicare Supplement and other accident and health products.
Services:
Product development and pricing
Strategic rating plan development
Competitive benchmarking
In force block experience analysis and management reporting
Gross premium valuation modeling and premium deficiency reserve testing.
Pro forma business projections
Reinsurance schedule development
Calculation of statutory and GAAP reserves
Development of incurred but not reported (IBNR) and active life (ALR) claim reserves
Products:
Medicare Supplement
Hospital Indemnity
Short Term Major Medical
Cancer
Critical Illness
Personal Accident
Disability
Dental, Vision, Hearing
Collaboration
We are efficient collaborators with all levels of an organization, which allows us to effectively understand your organization and culture. Additionally, our robust network will enable us to assist your organization with access to the following:
Reinsurance partners
Third party administration (TPA) services
Product distribution services
Innovation
Our team will work with your organization to identify critical issues and develop innovation solutions. We have a passion for undertaking new challenges and developing creative and new product solutions that will set you apart from your competition and lead you into new markets. Here are a few examples of our team’s creativity:
Gig economy accident insurance product
Infertility insurance product
Flexible premium traditional whole life insurance