Life and Annuities
The life insurance and annuity business is very competitive with a variety of challenges. It is difficult to meet the needs of investors, employees, producers and policyowners while complying with many regulatory and financial requirements of state, federal and international regulations. It is critical that companies in this business understand these risks and take proper steps to protect their companies.
Services for Life Insurance Companies, Fraternals and Investors
- Product Development and Pricing Support -- Product design, premium rate development, filing preparation, and market assessment
- Appointed Actuary and Illustration Actuary Services -- Qualified actuaries to sign statements of actuarial opinion for the US statutory statement or annual illustration certifications in compliance with the life illustration regulation
- Reserving/Valuation -- Actuarial support for the preparation of statutory, GAAP, and IFRS financial statements
- Peer Reviews -- Review of actuarial analyses conducted by in-house actuaries by our objective, independent consultants
- Regulatory Support -- Assistance with compliance of state, federal, and international regulations
- Mergers and Acquisition Due Diligence -- Financial and process reviews for acquisition targets
- Enterprise Risk Management -- Support in development and assessment of risk management programs and models
Services for Regulators, Governmental Entities, Receivers, and Guarantee Associations
- State insurance department financial examination support -- Review of actuarial work and memorandums being examined by state insurance departments
- Financial analysis and review of license applications for newly formed insurance companies
- Insurer market conduct reviews
- Policy form filing review/assisstance
- Assessment and modeling of potential impact from proposed legislation to stakeholders
- Actuarial support for receivers and guarantee associations
Services for Others
- Expert witness services and litigation support for law firms
- Actuarial support for CPA firms auditing actuarial liabilities
- Assessment of regulatory reforms for industry and other groups
