Our insurance product development experience includes the entire process, from company formation to regulatory compliance. We partner with your company to help you determine what products to sell, how to sell them, and at what price point. Our product development consulting experts can help position your company’s products and pricing model to align with your broader business objectives.
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We understand insurance language, which allows us to work closely with your staff to manage your company’s product lifecycle. Changes in the marketplace happen quickly, and we use sophisticated technology and statistical models to provide support by managing your products’ operational and financial facets. We also have extensive experience helping carrier integrate their products with policy management software upgrades and changes.
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Our consultants stay up to date on changes in regulatory requirements for all jurisdictions so that we can give our clients the best experience and get filings approved quickly. Our team has experienced much success serving as a liaison between regulators and clients due to our trusted position in industry. We have developed long-term relationships with numerous insurance departments through 50+ years of actuarial services. These relationships allow us another layer of support in regulatory and filing endeavours.
In addition to the services outlined above, we help with:
- Bureau Monitoring
- State Filing Objections
- Data Calls
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Our team facilitates the SERFF filing process from submission to approval of each rate, rule, and form filing. Our state filing strategy is always customised to your exact needs. In addition to our state filing experts, Davies has a highly talented pool of actuaries and insurance product development consultants. We are ready to provide rating assistance or help develop a new product from idea to implementation.
In addition to the services outlined above, we specialise in:
- Countrywide rollouts
- Expansion into states with challenging regulatory environments
- Florida insurance regulation filing system
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