Actuarial expertise that helps regulators manage insurance activities in their states

Insurance regulators have a complex responsibility: overseeing the insurance activities conducted in their states while protecting consumers and maintaining confidence in the market. This includes assessing the financial condition of insurers and ensuring that rates are supported by sound actuarial principles and meet applicable regulatory requirements.

Davies provides independent actuarial expertise to support regulators across financial examinations, filing reviews and market conduct investigations. We help regulatory teams assess financial strength, review rates and actuarial methodologies, and investigate specific companies, issues or segments of the insurance market to support effective oversight and consumer protection.

Our consultants combine actuarial expertise with extensive regulatory experience across multiple insurance lines, providing independent analysis and practical insight to inform regulatory decision-making.

Our regulatory actuarial services include:

• Financial examination assistance across property & casualty, health, life, long-term care and title lines of business
• Review of filings made by property & casualty, health, life, long-term care and title insurers
• Multi-state and single-state market conduct investigations
• Regulatory training for state insurance regulatory agencies, from desk analysts through to lead actuaries

Financial examinations

Our consultants have provided actuarial assistance across hundreds of insurance company financial examinations, from specialist and single-state insurers through to complex multi-line insurance groups. Engagements have covered property & casualty as well as health, life, long-term care and title insurance, and have included both individual state and coordinated multi-state examinations.

Our work can include assessing reserve methodologies and assumptions, rates and rating structures, reinsurance, risk transfer, actuarial models and other areas where specialist actuarial input is required. We work alongside the wider examination team, helping ensure actuarial findings are considered within the broader assessment of the insurer.

Filing reviews

Our consultants have supported regulators in reviewing thousands of insurance filings across property & casualty, health, life and long-term care lines of business.

We provide the actuarial analysis needed to assess the assumptions, methodologies and supporting information within a filing, helping regulators determine whether rates and other actuarial elements are appropriately supported and consistent with applicable regulatory requirements.

Market conduct investigations

Our team has supported regulators on market conduct projects ranging from investigations of specific issues involving individual insurers through to broader reviews covering all carriers within a particular market. Our experience also includes investigations involving multiple state jurisdictions.

This breadth of work gives our consultants a detailed understanding of the regulatory environment and the different approaches insurers take to actuarial analysis, pricing, governance and financial reporting. It enables us to provide regulators with independent technical expertise while remaining focused on the wider purpose of effective market oversight and consumer protection.

Regulatory training

Our consultants have developed and delivered training for state insurance regulatory agencies for more than 20 years. Programs have been tailored to different levels of regulatory experience, from desk analysts through to lead actuaries, with a particular focus on complex rate filing reviews, financial examinations and the practical application of actuarial analysis.

The training draws directly on our work with regulators and is designed to provide participants with practical approaches and tools they can apply in their own review of insurance companies and products. In some cases, methodologies introduced through our training have subsequently been adopted by insurance departments as part of their own regulatory analysis.