Services
Self-Insureds & Risk Managers
Risk Management Solutions
Fallquist Actuaries can provide a full range of both traditional and custom-designed risk transfer and risk management solutions. Professional indemnity coverage, which protects specialists who promote themselves as having particular expertise in certain areas, continues to be the primary form of insurance sought by the professional services industry. But rather than take a "standard services" approach, we customize professional indemnity coverage to the specific needs of a wide range of clients, such as accountants, lawyers, architects, engineers, management consultants, doctors, nurses, teachers, pilots, ship captains, law enforcement personnel, and more.
Professional liability and employment practices liability products are typically needed to satisfy industry guidelines and laws. But many of our clients also benefit from products and coverages such as directors' and officers' liability, business operations packages, and employee benefits packages. Clients may also draw from an array of insurance services, such as Claims Management, Enterprise Risk Management, and Premium Financing.
Rather than simply managing a wealth of data and industry information, we manage knowledge. Historic industry studies, product trends, claims data, statistics, loss prevention tools, and capitalization options create an image of our client's needs, but our experience and expertise provide the essential focus and business clarity needed to develop a complete risk management program.
Services Offered
- Loss reserve actuarial opinions as required for captive insurers
- Loss reserve analysis and size of loss analysis
- Loss reserve variability analysis
- Simulation of loss probabilities
- Allocation of loss costs among divisions, departments, & industries
- Excess loss analysis & reinsurance
- Costs and stop loss
- Strategic planning assistance and feasibility
- Discounted loss reserve estimates and cash flow
- Budgetary estimates
- Expert witness