Getting your product ready for market.
No matter the approach, 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 complete process, from company formation to regulatory compliance. We help you determine what products to sell, how to sell them, and at what price. Our product development consulting experts can help your company execute products and pricing designed to consider your broader business objectives.
If you are focused on the maintenance and enhancement of products already in the marketplace, our product management consultants are ready to help you define your products, goals, and marketplace advantages to meet your business objectives.
We understand insurance language so that we may work closely with your staff to manage your company’s products. Changes in the marketplace happen quickly, and we use sophisticated technology and statistical models to provide support, which includes managing the operational and financial facets of your products. We also have extensive experience helping carriers integrate their products with policy management software upgrades and changes.
Our experienced consultants bring a wealth of state filing knowledge to your project. Whether you want to implement a new product or expand into new territories, we will get you approved. 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 an extremely talented pool of actuaries and insurance product development consultants on hand. We are ready to provide rating assistance or help develop a new product from idea to implementation.
We also specialize in:
The insurance industry is highly regulated. Let our insurance subject matter experts ensure that your product always adheres to the changing insurance atmosphere. Our consultants stay up to date on changes in regulatory requirements for all jurisdictions so that our clients receive the best experience and get filings approved quickly.
Our Product Development & Compliance Group has served as a liaison between regulators and clients due to our trusted position in the industry. We have developed long-term relationships with many Departments of Insurance through 30+ years of actuarial services. These relationships allow us another layer of support in regulatory and filing endeavors.
We also help with: