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.
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
Develop state-specific actuarial memorandums
Work with state insurance departments to obtain approvals
Work with administrative departments to successfully transition products onto their systems
We can have a no-obligation discussion on how Wakely Actuarial can provide the best in actuarial solutions.
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."
About Wakely Actuarial
Wakely Actuarial is an independent firm providing exceptional actuarial, regulatory compliance, and risk management consulting services to the life and health insurance industry.
Wakely Actuarial offers practical advice and cost-effective consulting solutions to the business challenges that each of our clients face. We provide our services with both a personal touch and strict adherence to the highest ethical standards.