Tailored to your financial reporting needs to ensure accurate and complete reporting

In an ever-changing financial environment, it has never been more important to ensure that your reporting is accurate and complete. Davies can offer an independent and complete actuarial opinion for Boards of Directors and Departments of Insurance. 

Large companies usually have many actuaries on staff, but sometimes they need help, due to lack of experience in a new product line or a desire to outsource maintenance so internal actuaries can focus on their core business. Our team have worked in a variety of situations and corporate structures, so we appreciate a larger company’s need to complement existing resources. 

Smaller companies may have limited actuarial support. These situations could require significant assistance or a complete outsourcing of the actuarial function, including the Appointed Actuary role: reporting to management and your Board of Directors. In these situations, we appreciate the opportunity to serve as an extension of our clients’ senior management team.

• We provide clear, concise work papers that are easy to audit and provide all the information you need to complete your financial statements.

• We offer accurate and timely reporting of reserve numbers on your desired reporting schedule from monthly to annually. 

• We prepare annual statement exhibits, specialized Medicare supplements, or long-term care experience exhibits.  

• We offer tax reserve reporting for life insurance company federal income tax returns. 

• We provide gross premium valuations or cash flow testing to support actuarial opinions. 

• We prepare actuarial opinions memorandum regulation (AOMR) compliant actuarial opinions to file with regulatory authorities.