Actuarial consulting services
Through our actuarial expertise and in-house consulting team, illumifin provides traditional actuarial consulting services for the long-term care (LTC) insurance industry, including product pricing, financial reporting, due diligence, business valuation, experience analysis and product re-rating.
We rely on data to drive decision-making in every project we take on, and our third-party administration clients rely on our actuaries to serve as data and analytics liaisons for their organizations.
Additionally, insurers with a wide variety of products—from long-term care to life, supplemental health and annuities—also benefit from our team’s evaluation of claim practices and programs.
Experience where it matters most
The illumifin actuarial team is made up of more than 20 recognized experts who have strong, trusted relationships with regulators and routinely contribute to insurance industry conferences and events. These individuals specialize in LTC insurance and have 250+ combined years of industry experience. Insurers benefit from their thought leadership, diverse backgrounds, and unique problem-solving skills that elevate each engagement.
Meet our Team
Data-driven approach
Behind our expertise is an industry-leading database of long-term care (LTC) insurance data—spanning a pool of more than 25 insurers, 20+ years of experience, 70 million life years of exposure, 800K unique claims, and $58B in paid claims—to create optimal, customized solutions for each project based on real-time trends.
Transparent communication
We take a transparent approach to every engagement without “black box” explanations or hidden methodology. Whether you want a comprehensive, in-depth view or a distilled, executive-level perspective, we can meet you where you are.
Deep industry experience
Our knowledge extends far beyond actuarial analysis. We bring the full strength of our organization, with deeply engaged leaders who stay closely attuned to real-time trends and emerging challenges. As we educate and assist insurers, you get practical guidance grounded in what’s actually happening within the industry, not just theoretical modeling.
Solid relationships
Of the 40+ clients we actively serve, more than a quarter have partnered with our actuarial consulting team for over a decade, demonstrating the strength, trust and longevity of our relationships and value we deliver.
Feature spotlight
Building cash flows
We take an iterative approach to allow for synchronizing data, assumptions and model building for long-term projections and success. First, we obtain detailed data spanning claims payments and policy history. Then, we develop first-principles assumptions and benchmark them against peer companies. Finally, our models are built on data and assumptions viewed from our experience-based perspective, allowing for granular and macro-level validation and tracking.
Get in touch
To learn more about how our actuarial consulting services can help your company, reach out to our team.
