With approximately 30 actuaries including more than 20 Fellows and Associates of the Casualty Actuarial Society (“CAS”), Perr&Knight is among the top 10 largest property & casualty actuarial consulting firms in the United States. Our experience spans all lines of personal and commercial business in all U.S. jurisdictions.
Perr&Knight provides actuarial services to many of the country’s leading insurance companies, including seven of the 10 largest insurance groups in the country. We also provide actuarial services to many small to medium sized insurance companies, several foreign-based carriers and hundreds of clients who engage in alternative risk financing.
The types of actuarial consulting engagements available through Perr&Knight range from complete outsourcing to one-off project work. Regardless of the nature of the relationship, our wide range of actuarial services and extensive expertise make us valuable to our clients.
Insurance Company Services
Perr&Knight’s insurance company actuarial services are organized into four basic categories:
PRICING SERVICES for insurance companies include:
- Competitor rate comparisons
- Rate development
- Rate level analyses
- Rating factor analyses
- Rating manual compliance reviews
- Rate filing support
RESERVING SERVICES for insurance companies include:
- Loss reserve analyses
- Long duration contract unearned premium reserve testing
- Statements of actuarial opinion
- Schedule P preparation/review
LITIGATION SUPPORT SERVICES for insurance companies include:
- Expert testimony
- Estimation of damages
- Preparation and analysis of evidentiary documents
VALUATION (MERGERS & ACQUISITIONS) SERVICES for insurance companies include:
- Independent assessments of insurance company liabilities
- Calculation and explanation of the impact of reinsurance
- Impact analyses of changes in operations
Self-Insurance and Alternative Risk Financing Services
Perr&Knight provides a complete array of actuarial services for alternative risk financing, including:
- Feasibility studies
- Captive/Self-Insurance program design
- Pro-forma financial projections
- Certification of self-insurance reserves
- Loss reserve analysis and opinions
- Loss projection and funding analyses
- Limits, deductible and retention analyses
- Equity and cost allocation
- Cash flow analyses
- Analysis of the impact of reinsurance