Mutual Insurance

Risk International > Services > Actuarial Consulting > Mutual Insurance

Mutual companies turn to our team when they need help with pricing and reserving. Our product management studies have been proven to improve bottom lines by monitoring target business operations and helping clients accurately evaluate the effect of various company initiatives.

Specific reports and analyses that have proven valuable include:

Aging of open claims
Loss frequency and severity
Concentration of insured values by zip code or territory
Analysis of results for both the voluntary and involuntary markets (especially critical for some state/line of business combinations, such as Massachusetts Personal Auto)
Residual market analysis to determine alternatives for reducing the burden of insuring less desirable risks and minimize their overall loss ratio
Recoveries from third parties and how they compare to the industry average
Analysis of contingent commissions paid to agents vs. results

Our Programs & Services

What We Do

Our job is making sure your business is adequately protected and that you fully understand the cost of that protection. Losses can come from any number of directions and impact your bottom line in more ways than you may like to admit. Losses sustained as a result of your company not begin able to produce income are typically covered by property insurance. Casualty insurance, on the other hand, is designed to protect you from legal liability and losses caused by injury to other people and their properties. This includes workers compensation coverage.

We offer a broad service offering designed to assist a wide array of clients in implementing and managing successful risk management/insurance programs. Consider the many ways that our insightful analyses could benefit your company or organization.