Independent Actuarial Consulting

Actuarial judgment.
Principal attention.
Every engagement.

CAI is a specialized actuarial consulting practice led by a Fellow of both the Casualty Actuarial Society (FCAS) and the Society of Actuaries (FSA) — full-spectrum coverage across property & casualty, life, health, and OPEB, with the same actuary signing the opinion who runs the analysis.

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Practice Areas
Property & CasualtyFCAS
Life & Health InsuranceFSA
Healthcare ConsultingFSA
Employee Benefits & OPEBFSA
Capital Adequacy & Risk TransferFCAS
Insurance M&A Due DiligenceFCAS · FSA
Expert Witness & LitigationFCAS · FSA
FCAS
Fellow, CAS
FSA
Fellow, SOA
MAAA
Member, AAA
25+
Years Experience
P&C · L/H
Dual Practice
About CAI

Senior expertise, personally delivered.

CAI Actuarial is an independent actuarial consulting practice serving insurance entities of every type and size. Every engagement is handled personally by a credentialed Fellow — the same actuary who does the analysis signs the opinion.

With dual credentials in both property & casualty and life & health, CAI covers the full spectrum of actuarial work — from loss reserve opinions and OPEB valuations to insurance M&A due diligence and expert witness testimony.

Twenty-five years of experience across every line of business, and the rare combination of both major actuarial fellowships — FCAS (property & casualty) and FSA (life and health) — in the same practitioner.

01
Property & Casualty · FCAS

P&C Actuarial Services

Independent reserve opinions, rate-making, and risk modeling for carriers, RRGs, captives, self-insureds, and reinsurers.

Loss Reserve Opinions

Independent actuarial reserve opinions with full documentation for regulators and auditors.

Rate-Making & Pricing

Rate indications grounded in standard actuarial methods, fully documented for regulatory review.

SAO & Regulatory Filings

Actuarial opinion statements, Schedule P analysis, and state filing support.

RRG & Captive Opinions

Specialized reserve opinions and feasibility studies for Risk Retention Groups and captives.

Loss Development & Forecasting

Frequency, severity, and development projections built from your own loss experience using accepted actuarial methods.

Reinsurance Analysis

Ceded reinsurance reviews and actuarial support for treaty and facultative programs.

02
Life & Health · FSA

Life & Health Actuarial Services

FSA-credentialed reserve opinions, cash flow testing, and product pricing for life insurers, health plans, and reinsurers.

Life Reserve Opinions

Statutory reserve adequacy opinions, cash flow testing, and asset adequacy analysis.

Health Plan Reserving

IBNR and premium deficiency reserves for health insurers and self-funded plans.

Product Pricing

Rate development for life, annuity, long-term care, and health insurance products.

Long-Term Care

Reserve analysis, rate adequacy studies, and morbidity assumption development.

Life & Health Reinsurance

Actuarial support for transactions — pricing, reserve cessions, and experience analysis.

Regulatory Compliance

Actuarial opinions for state filings and annual statements across all life and health lines.

03
Healthcare Consulting · FSA

Healthcare Actuarial Consulting

Rate filings, Medicare, Medicaid, and ACA compliance for health plans, provider groups, and government programs.

Health Plan Rate Filings

Premium rate development and regulatory filing support including ACA actuarial value certifications.

Medicare & Medicaid

Medicare Advantage bids, Medicare Supplement pricing, and Medicaid managed care analysis.

Employer Group Benefits

Plan design evaluation, cost projections, and self-funding feasibility analysis.

Healthcare Cost Analysis

Trend analysis, utilization review, and cost projection studies for health plans and TPAs.

Stop-Loss Consulting

Attachment point analysis, aggregate corridor development, and experience studies.

ACA Compliance

Actuarial value calculations and minimum value determinations for ACA-regulated plans.

04
Employee Benefits & Retirement · FSA

Employee Benefits & Public Entity Studies

OPEB valuations, pension studies, and benefit plan analysis for municipalities, school districts, and employers of all sizes.

OPEB Actuarial Valuations

GASB 74/75 compliant Other Post-Employment Benefits valuations for public entities — required compliance, delivered efficiently.

Pension & Retirement Studies

Defined benefit plan valuations, GASB 67/68 compliance, and contribution projections.

Municipal & Public Entity

Full-service actuarial support for cities, counties, school districts, and governmental pools.

Self-Insured Pool Studies

Reserve opinions, funding adequacy analysis, and contribution studies for public entity pools.

Plan Design Analysis

Actuarial cost impact studies for benefit plan design changes and liability management.

Experience Studies

Mortality, morbidity, turnover, and retirement assumption studies for ongoing valuations.

05
Capital Adequacy & Risk Transfer · FCAS

Capital Adequacy & Risk Transfer Analysis

Actuarial analysis of capital requirements and risk transfer structures for insurance entities, captives, and alternative risk programs.

Capital Adequacy Studies

Actuarial assessment of required capital levels for carriers, RRGs, and captives.

Risk Transfer Analysis

Quantitative analysis of whether reinsurance structures achieve genuine risk transfer, including ERD analysis.

Stress Testing & Scenarios

Adverse scenario modeling and tail risk quantification for capital sufficiency assessment.

Asset-Liability Management

Analysis of asset-liability matching and investment adequacy for insurance portfolios.

ERM Support

Enterprise risk modeling across underwriting, reserve, operational, and financial categories.

DFA & Financial Modeling

Dynamic financial analysis projecting outcomes across economic and underwriting scenarios.

06
Insurance M&A · FCAS · FSA

Insurance M&A Due Diligence

Independent reserve adequacy reviews and actuarial due diligence for insurance acquisitions, run-off transactions, and portfolio transfers.

Reserve Adequacy Reviews

Independent assessment of loss and LAE reserve adequacy identifying development risk before close.

Loss Portfolio Analysis

Tail risk quantification, large loss review, and reserve range development for buyers and sellers.

Captive & RRG Transactions

Actuarial due diligence for captive restructurings and RRG acquisitions.

Run-Off Consulting

Reserve opinions supporting commutations, loss portfolio transfers, and novations.

Fairness Opinions

Independent opinions supporting transaction fairness and regulatory approval.

Life & Health M&A

Due diligence for life, health, and annuity transactions — reserve review and assumption validation.

07
Expert Witness & Litigation · FCAS · FSA

Expert Witness & Litigation Support

Independent actuarial testimony and litigation support for insurance disputes, reinsurance arbitrations, and regulatory proceedings.

Insurance Coverage Disputes

Actuarial analysis and testimony on reserve adequacy, loss development, and claims valuation.

Reinsurance Arbitration

Expert actuarial support for reinsurance disputes — loss portfolio analysis and reserving methodology.

Bad Faith Claims

Independent review of claims handling, reserve setting practices, and loss development.

Business Interruption

Actuarial analysis of business interruption losses and damage quantification.

Regulatory Proceedings

Actuarial testimony before state insurance departments and regulatory bodies.

Damages Quantification

Rigorous actuarial methodology, documented and supported at every step.

Our Approach

Senior, credentialed, accountable.

Insurance entities deserve actuarial work they can put their name behind. CAI is built around three commitments that shape every engagement: a credentialed Fellow on every file, specialized delivery without junior-staff handoff, and independence that lets the analysis speak for itself.

Principal-delivered

No junior-staff handoff. The same Fellow who runs the analysis signs the opinion and sits across the table from the auditor, regulator, or board.

Dual-credentialed

Fellowship in both the Casualty Actuarial Society and the Society of Actuaries — a combination that lets a single practice cover property & casualty, life, health, and OPEB without outsourcing.

Fully documented

Every engagement is delivered with method comparisons, sensitivity analysis, and a defensible audit trail. Standard actuarial methods, thoroughly applied.

Independent

No affiliated interests, no cross-sell, no house position. The opinion reflects the analysis — nothing else.

Credentials
Fellow, Casualty Actuarial Society FCAS
Fellow, Society of Actuaries FSA
Member, American Academy of Actuaries MAAA
Years of practice 25+
Lines of business covered P&C · L/H

Holding fellowships in both the CAS and the SOA is uncommon — it is the technical basis for offering full-spectrum actuarial services from a single, accountable practice.

Who We Serve

Every type of insurance entity.

Every type of insurance entity — from large carriers to small municipalities.

P&C Carriers

Life & Health Insurers

Risk Retention Groups

Captive Insurance

Self-Insured Pools

Municipalities

School Districts

Health Plans

Reinsurers

M&A Principals

Attorneys & Litigants

Regulators & Auditors

Contact

Start a conversation.

CAI works with insurance entities of every type and size. There is no intermediary between you and our principals.