• Property & Casualty Insurers

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Huggins Actuarial Services, Inc. offers the expert actuarial services critical to the success of any property and casualty insurance endeavor.

We can help develop products, establish pricing guidelines, set up reporting infrastructure to monitor emerging results, design appropriate reinsurance programs, commute reinsurance agreements, perform financial reporting, evaluate reserve provisions, support statutory compliance, and so forth. In short, we help clients succeed in today’s difficult P&C environment.

Comprehensive List of Services for Property & Casualty Insurers

  • Serve as Appointed Actuary:
    • Issue Prescribed Statement of Actuarial Opinion for Loss and Loss Adjustment Expense Reserves;
    • Issue Actuarial Opinion Summary;
    • Issue Actuarial Report on Loss & Loss Expense Reserves.
  • Perform interim loss and LAE reserve reviews
  • Perform analysis of unearned premium reserve adequacy
  • Perform analysis of the need for a premium deficiency reserve
  • Preparation and submission of pricing studies, including calculations and support for Loss Cost Multiplier (LCM) filings in any state
  • Perform electronic submission to state insurance departments via SERFF
  • Prepare premium comparisons by state
  • Calculate indicated rate class relativities
  • Calculate indicated territorial relativity factors
  • Calculate and file retro rating plans
  • Create deductible plans
  • Create experience mod plans
  • Review reinsurance contracts, including analyses of loss experience under existing contracts, a review of proposed renewal contracts, and the analysis of existing contracts with regard to suitability for commutation
  • Perform calculation of accrued liability for death, disability and retirement (DDR) for medical professional liability clientsPerform risk transfer analysis of both proposed and existing reinsurance contracts
  • Provide assistance with exposure monitoring
  • Provide technical assistance to clients in discussions with A.M. Best or insurance departments
  • Provide litigation support and expert witness testimony on the Company’s behalf
  • Conduct financial analysis and forecasting, including dynamic financial analysis testing (DFA)
  • Assist with product development
  • Review of proposed legislation and regulations issued by insurance departments
  • Assist with merger and acquisition analysis
  • Represent the Company in discussions/negotiations with insurance department on examination results
  • Calculate IRS tax factors
  • Perform calculations and analysis for compliance with IFRS
  • Perform compliance calculations for solvency
  • Perform risk management analysis
  • Calculation of discounted loss and loss adjustment expense reserves

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.

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Huggins Actuarial Services was ranked a top actuarial consulting firm by the A.M. Best Company for the 10th year in a row.