category
Actuaries who project losses, estimate reserves and price retained risk, and who sign the statements of actuarial opinion that captive regulators often require.
4 active providers in this category.
How are these providers ranked?Actuarial work on a captive or self-insured program usually comes as one of three engagements. Feasibility and pricing projects the losses on the layer you plan to keep and the funding it would need. Reserve estimates value claims already incurred, including those not yet reported. A statement of actuarial opinion gives the regulator a signed view on whether reserves are reasonable; Vermont, for example, requires one each year from a commissioner-approved actuary. Some firms do all three; others concentrate on one.
The analysis is only as good as the data. Expect requests for several years of loss runs — paid, incurred and open claims by accident year, gross of any deductible — with exposure measures such as payroll, revenue, vehicles or headcount, current limits and retentions, and today's premium. Gaps limit what any actuary can conclude, so ask early which items matter most for your lines. The captive feasibility study guide explains where this work sits in the wider decision.
The person who will sign the work should be named, with credentials you can check — for example Fellow or Associate of the Casualty Actuarial Society and membership of the American Academy of Actuaries — and, where the domicile approves actuaries, confirmation that the approval is current. If the firm or an affiliate also manages, brokers or fronts the program, find out how it keeps the actuarial view independent. The report should set out data, assumptions and limitations, as US actuarial standards expect, and the scope should say how the firm will work with your captive manager and counsel.
GPW and Associates, Inc. provides captive and reinsurance management, captive consulting, accounting, tax compliance and regulatory management. Its wholly owned subsidiary, GPW Actuarial Services, Inc., provides actuarial pricing, reserving, benchmarking and product-development services.
Independent, employee-owned property and casualty actuarial and management consulting firm providing actuarial, risk financing, enterprise risk management, predictive analytics, reinsurance, regulatory, and alternative market consulting services.
Spring Consulting Group is an employee benefits, actuarial and risk-management consultancy providing captive feasibility, alternative-risk financing, actuarial, employee-benefits and property-and-casualty consulting services.
The Actuarial Advantage, Inc. (TAA) is a boutique property & casualty actuarial and insurance consulting firm formed in 2021 through the merger of The Actuarial Advantage (founded 2001) and Financial Risk Analysts (founded 1993). TAA provides actuarial consulting — including loss reserving, captive feasibility studies, pricing, and statements of actuarial opinion — to insurance carriers, captive insurance companies, risk retention groups, government risk pools, and self-insured entities across the U.S. and offshore.