LLLLLLLLL

 

 

HOME

 

 

Actuarial Services

 

ART/FDL recommends that this fee be separately negotiated. The services frequently include determining balance sheet liabilities, loss estimate projections, pricing targets, and internal allocations. Often, actuaries work closely with underwriters. Though actuaries are expected to remain professionally independent, actuarial science is more often an art, not a science, for RRGs or group captives. Therefore, results can be widely interpreted. There might be an inherent conflict of interest between the underwriter and actuary, especially if the underwriter is also a broker buying re-insurance, determining internal allocations, selling more insurance and other activities that depend on actuarial modeling to negotiate.

 

Actuarial fees may average from $5,000 to $25,000 a year, depending upon the program.

 

 

 

 

 

F. Darrell Lindsey
U.S. State Licensed Agent/Broker
U.S. Corporate Enterprise Risk Management Consultant (ERM)
U.S. State Approved Captive/RRG/Self Insured Manager
U.S. Approved Self-Funded Health & W. C. Plan Manager

 

 

 

 

 

 

 

 

 

 

BACK USE ARROW

TO PRINT USE PRINT PREVIEW