Huggins helps insurers and reinsurers succeed in today’s challenging marketplace. Our expertise extends to both the property & casualty and life & health sectors and covers all lines of business. The following list identifies the services we most frequently perform for our insurers and reinsurers clients with more detail available on the Services page:

• Financial analysis and forecasting, including preparation of pro-forma financial reports
• Design effective reinsurance programs or commute reinsurance agreements
• Derive and file loss cost multipliers, experience or retrospective rating plans, or rates and rating factors including use of predictive analytics
• Assess premium or rate competitiveness
• Develop insurance products and policy forms
• Evaluate loss & LAE or unearned premium reserve positions annually or on an interim basis
• Estimate a confidence interval (range) of reasonable loss & LAE reserve values
• Assess insurance or reinsurance contracts for the presence of risk transfer
• Serve as Appointed Actuary, including issuing a Statement of Actuarial Opinion and Actuarial Opinion Summary
• Create a reporting dashboard to monitor current or emerging results and inform management decision-making
• Analyze the drivers of actual results and compare against expected results
• Create or evaluate enterprise risk management (ERM) frameworks, including ERM policies and procedures
• Establish risk appetites, tolerances, and limits and monitor in-force exposures
• Assess economic capital needs using probabilistic models comprehensively covering company-specific risk sources (Economic Capital Modeling)
• Perform solvency assessments, including assistance with Own Risk and Solvency Assessment reporting (ORSA)
• Analyze loss cost variability for a book of business using an individual claim simulation model
• Serve as company representative in negotiations with counterparties including Departments of Insurance
• Lawsuit, arbitration, and deposition support, including expert witness testimony
• Research and assess the impact of legislation or regulation