Pricing, Product Development & Compliance

Our consultants are insurance experts who combine a strong actuarial foundation with a thorough understanding of insurance company operations. 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. 

Our product management consultants are ready to help define your products, goals, and marketplace advantages. 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 carriers integrate their products with policy management software upgrades and changes. 

The insurance industry is highly regulated. Let our insurance subject matter experts ensure that your product always adheres to the changing insurance environment. 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 the industry. We have developed long-term relationships with numerous insurance departments through 30+ years of actuarial services. These relationships allow us another layer of support in regulatory and filing endeavors. 

In addition to the services outlined above, we help with: 

• Bureau Monitoring 

• State Filing Objections 

• Data Calls 

Our experienced consultants bring extensive state filing knowledge to your project. We will get approval whether you wish to implement a new product or expand into new territories. Our team facilitates the SERFF filing process from submission to approval of each rate, rule, and form filing. Our state filing strategy is always customized 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 specialize in: 

• Countrywide Rollouts 

• Expansion Into States With Challenging Regulatory Environments 

• Florida Insurance Regulation Filing System