We work with lawyers to serve their clients. Many situations arise where sound actuarial advice can be an important component of problem solving for your clients. We can help your client save money and maximize opportunities.
What types of clients can benefit from our services?
How can we help?
What types of services do we offer?
What
types of clients can benefit from our services?
If
your client is a plan sponsor or an insurance company, we can help.
- Insurance Companies or Reinsurers
- Employers who sponsor a benefit plan
- Self-funded trusts and VEBAs
- Association plan sponsors
We can assist with the entire range of life and health coverages, including:
- Life
- Accident
- Long Term and Short Term Disability
- Major Medical and other health insurance
- Long Term Care
How can we help? Independent actuarial expertise can be a key to achieving a favorable outcome for your client.
IF YOR CLIENT IS AN INSURANCE COMPANY OR REINSURER we can provide consulting services to assist with regulatory, reinsurance, merger & acquisition, insolvency, and litigation matters. We provide insight into industry practices and analysis of specific programs. We perform calculations such as financial projections and business plans, amounts at risk, or damages under various scenarios.
Ms. Niehus has successfully supported a wide range of litigation efforts and has been called upon for both depositions and trial testimony.
IF YOUR CLIENT IS A PLAN SPONSOR, SELF-FUNDED PLAN, OR VEBA, independent actuarial review is important to help assure that benefit plans are properly designed and financed. This can be especially true when:
Your client is involved in a purchase or sale of another business. We can review self-funded plans to assure there are no funding issues.
Your client must respond to a challenge from the DOL regarding a health and welfare plan. We can help analyze the situation, reconstruct necessary information and formulate responses.
Your client is purchasing another business and wants to consolidate benefit plans. We can recommend effective ways to meet both financial and human resources goals.
You are dealing with a bankruptcy and need an independent review of liabilities of self-funded benefit plans.
Your client is involved in a dispute with an insurer, service provider, beneficiary, or other party. As an example, we were asked to provide an expert report on behalf of a policyholder who disputed the calculation of reserves and experience refunds under a group health policy. We provide a review of the reserve methodology, insight into industry practices, and estimates of financial impact under alternate methodologies.
What
types of services do we offer?
Our solid base of experience allows us to assist with functions such as:
Financial Analysis
- Setting reserves
- Monitoring results
- Determining premiums and contribution rates
- Developing cost projections
- Evaluating reinsurance needs and assisting with purchase
Plan Design
- Assuring design is consistent with plan goals
- Identifying and resolving any benefit overlaps or inconsistencies
- Assisting in designing RFP specifications, negotiations, and placement of coverage
Plan Documents
- Reviewing materials for participants to assist with clarity and accuracy
- Identifying compliance issues and proposed solutions
Litigation Support
- Financial calculations of risks and alternatives
- Technical Analysis of issues
- Written reports or expert testimony
Seminars and Educational Programs
- For lawyers and clients
- Group insurance and benefit plan topics
