Actuarial Services
Why NFP Actuarial Services
The corporate benefits landscape is evolving, and regulations are ever-changing, making it difficult for employers to craft sustainable and successful risk management plans. When these challenges aren’t addressed, companies make uninformed decisions, incur higher costs, and are left with disappointing outcomes.
Effectively addressing challenges in a dynamic environment requires a partner with expertise, experience, and an appreciation of the specific issues you face. NFP’s Actuarial Services team works with companies to learn about their biggest challenges and objectives and design sound strategies that meet their unique business needs.
With our highly personalized advice and guidance, clients understand their liabilities and obligations so they can comply with statutory requirements, make better medical/Rx and employee benefits decisions, and create a stable plan that aligns with your goals for the future.
Our approach begins with establishing a shared understanding of clients' business and goals. This means we take time to listen, ask questions, and build context for creating customized solutions. Then we use mathematical and statistical modeling to help identify, quantify, project, and mitigate risk, no matter how specialized. Our best practice actuarial methods for evaluating and reporting are complemented by consistent communication that focuses on extracting clarity from complexity.
Fresh Perspectives
Our insightful team provides the precision required in today’s complex benefits landscape. Services include consultations, analyses, and valuations related to all employer-based health and welfare programs and plans.
We have expertise to provide a wide range of services, including:
• Incurred but not reported (IBNR) estimates and
certifications
• Cost projections, including rate development and
adequacy certifications
• Pricing of alternative health plan designs
• Review and analysis of rate renewal proposals
• Self-insurance feasibility and cost analysis
• Analysis impact of changing stop-loss
retention levels and the impact on recoveries and premiums
• Other post-employment benefits (OPEB) valuations, in
accordance with the ASC-715 and GASB accounting rules
• Medicare Part D creditability testing
• Actuarial value determination
• Domestic partner imputed income determination
• RDS attestation
• Plan relativity analysis
• HRA cost analysis
• Acquisition benefit plan analysis
Our team is your team
NFP has assembled an expert team of actuaries with deep industry knowledge, project management capabilities, communication and consulting skills, and a keen understanding of what businesses want and need. With our expertise and collective experience in the health and welfare actuarial field, we create personalized solutions that include objective guidance, practical strategies, and a focus on adhering to the highest standards.
NFP Actuarial Templates
To view our NFP Actuarial templates, click here (you may need to request access if you haven't previously done so).
Contact Us
For more information contact actuarialservices@nfp.com.