Rate Increases

Maximized rate increases and efficient insurance department approvals

hash_mark

Many companies can benefit from outside assistance with their rate increase filings. Whether it’s overflow work that needs to be filed more quickly, or optimizing the amount of increase to maintain your fair share of profits, we have performed thousands of rate filings for many different companies and product lines. As an independent consulting firm, our years of experience and interaction with insurance departments allows us to provide valuable insight and results for your blocks of business.

How do we specifically help our clients with their needs?

Rate Increase Filings

  • Long-Term Care Rate Increases (including rate stabilization)
  • Medicare Supplement Rate Increases
  • Supplemental Health Rate Increases
    • Cancer
    • Heart/Stroke
    • Disability income and other products

Annual Rate Certifications

  • Long-Term Care
  • Medicare Supplement
  • Other Accident & Health

We have worked extensively with state insurance departments on information requests, objections, and justifying assumptions to support rate increases.

Do you need to increase your rates?

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

Get In Touch

Wakely Insights

sharon_goodman
Sharon Goodman
Consulting Actuary
“It is interesting to see how the client’s experience develops and trends. The long-term care rate increase processes tend to change from year to year. It is interesting to correspond with the states and to see their views on the rate increases.”