Huggins Actuarial Services, Inc. is a full service, independent actuarial consulting firm. We offer a wide range of actuarial and strategic consulting services to firms that need to evaluate, quantify and manage insurance and property casualty risk. Our diverse clientele includes insurers, reinsurers, self-insurers, captives, investment bankers, accountants, lawyers, and risk managers. Learn more »
- Loss Reserving
- Enterprise Risk Management
- Economic Capital Modeling
- Actuarial Forensic Litigation & Valuation Services
- Individual Claims Simulation Model
- Captive Feasibility
Huggins consultants are frequent speakers, panelists, and participants at industry meetings and events across the country. See our current list of industry events.
The Huggins Advantage
Our firm’s philosophy centers on our commitment to the highest level of quality service delivered by quality people. Our long tradition of providing responsive, technical excellence to our clients’ needs through an integrated team approach requires that we focus on quality in every aspect of every engagement.
“Capital Crunch: What Captives Need to Know About Economic Capital Modeling“
By Alan Pakula, ACAS, MAAA and
Todd Dashoff, ACAS, MAAA, ARM
of Huggins Actuarial Services, Inc.
What is economic capital? Economic capital is defined as “the amount of financial resources that an institution must theoretically hold to ensure the solvency of the organization at a given confidence level and given the risks that it is expected to take”1. This standard should be recognized as the capital that is needed within a company to achieve its business objectives, not as the baseline amount of capital to be held in order to stave off regulatory action…