Valuation, Financial Reporting & Actuarial Modeling

Tailored to your financial reporting needs

Ensuring Accurate & Complete Reporting

We offer independent and complete actuarial opinions for board directors and insurance departments. Large companies usually have many actuaries on staff, but sometimes they need help due to a lack of experience in new product lines or a desire to outsource maintenance to allow in-house actuaries to focus on the core business. 

Smaller companies might have limited or zero actuarial support, which warrants significant assistance or complete outsourcing of the actuarial function, including the appointed actuary role. 

How We Help Clients 

  • 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. 

Our Services

Actuarial Modeling

This modeling ranges from new business projections for initial rate development to complicated testing of an entire company’s reserves using cash flow testing of assets and liabilities. We also develop custom reporting tools that help present financial projections in a format that captures key financial measures easily interpreted by senior management. 

We use Moody’s GGY AXIS actuarial software to perform most of our modeling. As one of the first consulting firms in the United States to use GGY AXIS, we have a high level of comfort with this platform and have assisted with numerous enhancements and software testing. We help clients convert from other actuarial software or legacy in-house systems to AXIS. 

How Do We Address Client Needs? 

  • We provide pricing projections showing the emergence of profits for new businesses. 
  • We conduct asset adequacy testing (cash flow testing) and gross premium valuations. 
  • We offer DAC recoverability and loss recognition testing for GAAP reporting. 
  • We provide reinsurance modeling from a direct or reinsurer’s perspective. 
  • We evaluate company budgets for management, regulators, and rating agencies. 
  • We offer Stochastic Modeling, appraisals, block acquisitions, and commission valuations. 

Our Services

Product Lines

Pricing, Product Development & Compliance

Experience Analysis & Rate Increases

Commissions & Valuations

Other Services

Self-Insured Major-Medical Insurance

Other Health

Key Contacts

Ben Cohen

Head of L&H Actuarial Solutions

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