Automobile
Our automobile insurance consulting experience includes both private company and regulatory engagements. Our private company auto-related work has included:
- Assisting insurance companies with data management and presentation to allow for efficient analysis in estimating reserves and monitoring emergence.
- Performing an analysis of loss and loss adjustment expenses liabilities.
- Providing actuarial reports that present an estimate of required reserves.
- Providing Statements of Actuarial Opinion.
- Preparing rate adequacy and rate structure analyses.
- Assistance with the introduction of credit scoring into underwriting rules and rate structures.
Providing data services supporting a company’s operations of an agency system for private passenger auto business including monthly processing of premium and claims transactions a bi-monthly update of policy data.
- Our regulatory auto-related work has included:
- Numerous financial examinations of insurance companies with auto lines of business.
- Numerous rate filing reviews for state departments of insurance.
Our automobile-related work also includes providing credible testimony involving an insurance company examination we performed on behalf of a state insurance department.