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Detailed Overview of Consulting Services

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Pricing

  • Rate level indications
  • Filing material preparation, state checklists, and support
  • Premium and loss cost trend analysis
  • Rating factor reviews
  • Territory definition and factor analysis
  • Product pricing monitoring and trouble-shooting

Actuarial Product Development

  • Bureau rate implementation and loss cost multiplier
  • New product development and enhancements
  • Growth and profitability projection based on customer behavior
  • Third party rating factors and cost analysis
  • Endorsement pricing
  • Underwriting placement & scorecards

Claims analytics and models

  • FNOL assignment, triage, and automation
  • Model-based alerts for litigation, jumper claims, and fraud
  • Dashboards and reporting for key claim metrics
  • Severity trend analysis and projections
  • Subrogation model based assignment and alerts
  • Vendor system selection, evaluation, and ROI analysis

Other services

  • Retention, customer value, and acquisition cost analysis
  • Agency analysis and optimization
  • Processing non-structured data for claims and underwriting
  • Data processing, stat reporting, and data warehouse design
  • Model and rule-based system hosting on Cloud
  • Statistical model governance and bias testing