Pricing & Product Development

Creating successful product portfolios for our clients

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Our expert pricing and product development team can provide services for many product lines including Individual and Group products for both Life and Accident and Health.
We offer a high level of expertise in providing state actuarial memorandums and supporting documentation required to get your product approved. We can also provide assistance in obtaining reinsurance, third-party administration, and sales distribution opportunities.
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How do we specifically help our clients with their needs?
  • Assumption development (morbidity, mortality, lapses)
  • Application and underwriting guidelines
  • Premium rate development (including rating tools)
  • Group experience rating
  • Statutory and GAAP profit projections (including tax impact)
  • Calculation of profits and measures to meet company’s profit goals
  • Actuarial memo
    • Develop state-specific actuarial memorandums
    • Work with state insurance departments to obtain approvals
  • Work with administrative departments to successfully transition products onto their systems

Want to enhance your sales?

We can have a no-obligation discussion on how Wakely Actuarial can provide the best in actuarial solutions.

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Wakely Insights

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Bill Reynolds
Principal & Consulting Actuary
"There is a sense of accomplishment with successfully developing a new product. It is definitely a rewarding part of the job when you put something out there that wasn't there before, and the product meets all of its varied goals."