Regulatory Actuarial Consulting Services

Our actuaries have experience in collaborating and working with state insurance department’s staff members and Examiner-In-Charge (EIC) involved in performing regulatory examinations. One of our key differentiators is RRC’s ability to provide skilled actuarial professionals who seamlessly integrate into the examination process and truly comprehend actuarial risks and the risk focused process, while also explaining complex issues in an understandable way. We bring decades of expertise to all types of actuarial work, including life, accident and health, property & casualty, managed care, title, surplus lines, annuities, long-term care, warranty, self-insurance funds, captives, and risk retention groups.

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Expertise

TEAM OF PROFESSIONALS

Our actuarial team members average more than 25 years of experience working within the regulatory community, the insurance industry, and for large consulting firms.

Our actuarial team members monitor the regulatory landscape and participate in industry initiatives on new requirements. We have experts involved in evolving regulatory issues such as Principle Based Reserves (PBR), Own Risk Solvency Assessment (ORSA), Affordable cares Act (ACA) and Captive Regulations. Our Actuaries are also active participants as interested parties in many NAIC working groups and technical groups.

The vast majority of our Actuarial team members are Fellows of the Society of Actuaries (FSA’s) or the Casualty Actuarial Society (FCAS’s) and the majority are Members of the American Academy of Actuaries (MAAA). Other designations held by our Actuarial team members include ASA (Associate of the Society of Actuaries), ACAS (Associate of the Casualty Actuary Society), CERA (Chartered Enterprise Risk Analyst), MAAA (Member, American Academy of Actuaries), CPCU (Charter Property Casualty Underwriter), and ARM (Associated Risk Manager).

Our actuarial team has been directly involved in actuarial professionalism and standards, including serving as past President of the American Academy of Actuaries (AAA), past Chair of the Actuarial Standards Board, current member of the Actuarial Board for Counseling and Discipline, current member of the AAA Board of Directors, and in several other actuarial leadership positions.

Members of our team consistently provide thought leadership by performing training at industry association events such as Career Development Seminars (CDS) for the Society of Financial Examiners (SOFE) and the Insurance Regulatory Examiners Society (IRES) as well as for the Insurance Accounting and Systems Association (IASA) and the American Academy of Actuaries (AAA) among others. We have also provided training for numerous insurance departments on a variety of industry topics, including Enterprise Risk Management (ERM) and ORSA, reinsurance, liquidity, long-term care, Big Data, and effective use of actuaries in the risk-focused examination process. RRC team members have written many articles, three of which won the SOFE Editor’s Choice Award.

For More Information 855-246-0815

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What We Offer

VARIETY OF SERVICES
  • Assistance in risk-focused and market conduct examinations
  • Product development and pricing analysis
  • Rate filing reviews, including the use of Big Data and complex models
  • ERM and ORSA report reviews and consultation
  • Reserve valuations and certifications
  • Review of risk based capital and associated corrective action plans
  • Cash flow testing reviews
  • Review of prospective solvency assessment, including statutory and economic capital analysis
  • Review and validation of actuarial models
  • Appraisal and valuation services
  • Asset/liability management
  • Assessment of implications of regulatory change (such as the Affordable Care Act and Principle Based Reserves)