Our Experience

Our consultants have extensive experience providing actuarial services to professional employer organizations (PEOs). Our experience in this area includes:

  • Appointed Actuary for two insurance companies that exclusively cover PEOs.
  • Pricing and reserving analyses for PEOs directly, including assisting with the development of pricing models for PEOs.
  • Pricing and reserving analyses for MGAs who cover PEOs exclusively.
  • Financial examination assistance on behalf of state insurance departments examining insurance companies that write coverage exclusively for PEOs, in addition to companies for which a smaller portions of their business is from PEOs.
  • Speaking at industry conferences on PEOs and the insurance issues of which to be aware.
  • Assist PEOs with their collateral negotiations with their insurance carriers. 
  • Assist PEOs with their accounting issues related to their retained WC loss exposures.
  • Providing assistance during the liquidation of insurance companies that became insolvent due to PEO issues.


  • Data-driven sales strategies
  • Vendor relationships
  • Industry disruptors
  • M&A buy and sell side


  • Underwriting and pricing
  • Claims management
  • Risk and safety
  • Financial forecasting


  • Carrier renewal negotiations
  • WC rating/pricing assistance
  • Insurance program structure
  • Captive insurance support


  • Risk management evaluations
  • WC, health, EPLI, credit risk
  • Financial statements and examinations

Our Team

David Shepherd, FCAS, MAAA

David has more than 30 years of actuarial and underwriting experience serving a wide range of clients, including PEOs, PEO-only insurers & MGAs, and others.

Frank Huang, FCAS, MAAA

Frank has more than 15 years of actuarial experience serving a wide range of clients, including serving as ADP’s Chief Actuary.