Actuarial Services

Spring’s actuarial experience and expertise is second to none. Our team of award-winning actuaries and analysts are dedicated to solving complex and unique challenges for our clients.

Each of our consulting actuaries participates on, and often leads, client project teams requiring health, welfare and property & casualty actuarial expertise and certification. Our actuarial consulting practice consists of four separate disciplines:

Statistical & Financial Analysis	Compliance
Financial Projections Actuarial Opinions and Memoranda Expected Loss Forecasting Reserve Valuations Probabilistic Scenario Modeling (Monte Carlo) Variance Analysis Claim Run-off Studies Sensitivity Analysis	Recommendations pertaining to evolving legislation, regulation and accounting requirements Operational Audits Independent Fiduciary Work (Department of Labor Captive Filings) Medicare Part D Certification Coordination with outside vendors Actuarial opinion filling with state regulators Captive Loss Projections Certification Small Group Reform Certification
Strategy and Growth	Pricing and Product Development
Program and Vendor Management Analytics for Captive Feasibility Studies Agreement Review and Negotiation Business and Product Development Rating Agency Support Capital and Risk Management	Rate Development and Filing Experience Analysis Trend Studies Underwriting and Benefit Design Reinsurance Analysis and Negotiation Welfare Funding Studies

We are experts in the following insurance and risk coverages:

• Employee, executive and retiree life, disability, medical, dental and vision
• Medical stop loss for employers and captives
• Individual life, annuity and settlements
• General and professional liability, workers comp, property and cyber risk

Why Spring?

Our actuaries and consultants seek to understand our clients’ circumstances, current market conditions and potential future developments. Being a leader in alternative funding strategies for employee benefits has given us the broad insight into employee benefits, insurance and alternative risk transfer programs. We have significant underwriting, business development, strategy, accounting and operating experience. We:

• Provide insightful, accurate actuarial and financial advice, analysis and certifications in compliance with Actuarial Standards of Practice
• Are experienced drivers of growth, helping guide new programs and start-up operations
• Apply financial and mathematical models to help you analyze and optimize risk alternatives
• Are skilled leaders of block of business transitioning and resourcing operations
• Successfully manage employee benefit and insurance programs to achieve sustainable balance growth and profit

Some of our actuarial clients include:

• Insurance and Financial Services Organizations
• Employers and their Captive Insurance Companies
• State Insurance Regulators
• Employee Benefit Vendors, including Third-Party Administrators and Managing General Underwriters
• Group Captives and Cell Captives
• Municipalities and Municipal Pools
• Health and Energy Industries
• Spring’s Employee Benefit Consulting, Captive, Brokerage and Strategic Advice Practices