Services

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Loss Reserve Studies

RAB Actuarial Solutions has extensive experience performing loss reserve studies for insurers, self-insurers, reinsurers and insurance run-off operations. RAB Actuarial Solutions has also provided actuarial support for a state's financial examination of an insurance company.

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Reinsurance Arbitration

RAB Actuarial Solutions has been engaged twice as a party appointed arbitrator and twice as an actuarial expert to resolve disputes arising in a London solvent scheme of arrangement. In the London cases, he essentially fulfilled the role of an umpire in resolving those disputes.

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Actuarial and Reinsurance Expert Witness and Litigation Support

Most litigation support and expert witness work performed by RAB Actuarial Solutions has related to loss reserving issues and/or insurance policy (or reinsurance contract) issues. He has been appointed five times as an actuarial expert witness and has also provided litigation support in five cases. He was retained by the plaintiff in two of the five litigation support cases.

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Reinsurance Pricing, Including Reinsurance Commutations

RAB Actuarial Solutions has extensive experience pricing reinsurance treaties requiring the development of complex loss simulation models. This work has included numerous risk transfer analyses for finite reinsurance contracts and commutation pricing analyses.

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Statistical and Econometric Modeling, Including Optimization Studies

RAB Actuarial Solutions has extensive experience fitting loss severity distributions and loss emergence patterns to insurance claims data, and has performed client research in developing and testing econometric loss reserving models. Robert Bear's econometric research at Insurance Services Office led to improved forecasting techniques in ratemaking (he received an outstanding performance award for developing the Inflation Adjusted Trend Procedure).

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Research on Loss Reserving and Reinsurance Pricing Models, Including Claim Modeling Using ReservePrism Software

RAB Actuarial Solutions has been engaged to model the risk that insurance loss reserves will develop adversely. Robert Bear led the development of the CAS Loss Simulation Model, and coauthored the cutting edge ReservePrism software (www.reserveprism.com) . ReservePrism can be very useful in testing your company's loss reserving methods and models by business segment. This includes testing your company's alternative methods for quantifying reserve variability.