Simplifying Actuarial Work through First Principles.

Archer Actuarial Consulting, LLC is committed to serving the needs and advancing the interests of the property and casualty insurance and risk management community.

Our passion for analysis and dedication to continuous improvement fuel our unparalleled actuarial, analytic and strategic services. We enjoy helping others navigate the nuanced realms of risk financing and quantitative analysis. We embrace a first-principles approach to simplify the otherwise complex field of actuarial science. Our extensive expertise enables us to consistently deliver high quality, insightful and practical results.

We look forward to discussing how Archer can contribute to your organization’s actuarial and risk management needs.

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Why Archer?

Clarity

We appreciate that actuarial terminology is not part of everyone’s daily vocabulary and tailor our communications accordingly. We believe actuarial results should be clear and accessible rather than shrouded in mystery. We take pride in our ability to refine complex topics into meaningful and actionable conclusions.

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Service

At Archer, our job is to make your job easier. Our clients appreciate our responsiveness, attention to detail, and follow-through on commitments. We enjoy using our specialized knowledge to solve problems, add value, and exceed expectations.

Value

We continuously look for unique ways to provide value to our clients. Our dedication to clear communication results in fewer e-mails, smoother audits, and a shorter time commitment for everyone involved. Our emphasis on efficiency and practical results allows us to deliver premier service at a competitive cost.

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Expertise

All work performed by Archer is completed and peer reviewed by credentialed actuaries with multiple decades of experience in the field. Our extensive experience allows us to fully appreciate how actuarial results affect our self-insured clients. We exercise a measured and thoughtful approach that helps reduce the volatility inherent in reserving and forecasting estimates.

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Our Services

Loss Reserving

Loss reserves (also known as self-insured accruals) are important components of an organization’s risk management and accounting processes. Archer’s vast loss reserving experience will help ensure the overall success of your organization’s risk retention program.

We appreciate the importance of accurate and reliable reserve estimates. Our methods emphasize thoughtful and measured responses to new information; this approach helps mitigate the volatility inherent in claims experience over time.  We work with each of our clients to understand the unique characteristics of their organization’s risk profile and we reflect these factors in our reserving process.

Loss Forecasting, Budgeting and Cost Allocations

Loss forecasts (sometimes called budgets) are estimates of the future costs of an organization’s risk management program. In a self-insured context, a forecast most often represents an estimate of the retained loss in the upcoming policy year. The main difference between loss reserve estimates and forecasts is that loss reserves are retrospective whereas forecasts are prospective.

In addition to providing expert forecasts at various retentions, Archer can help your organization allocate insurance costs to individual business units efficiently and equitably.

One-on-One Actuarial Coaching and Education

We provide one-on-one actuarial coaching and tutoring for business leaders in the P&C insurance industry. This unique service can be customized to meet your needs.

You may not need an extended actuarial engagment. Perhaps a few hours of focused actuarial coaching and education is all that is needed to make a decision or otherwise point you in the right direction. Below are just a few examples of investment and insurance professionals that we can help:

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Other Common Services for Self-Insureds and Captives

Archer is available to support all of your actuarial and analytic needs. In addition to loss reserving and forecasting, we provide the following commonly requested services:

  • Collateral negotiations
  • Excess limits and SIR optimization
  • Loss portfolio transfer pricing
  • Due diligence for mergers and acquisitions
  • Statements of Actuarial Opinion
  • Miscellaneous regulatory compliance

Analytics

Actuaries are trained to draw meaningful conclusions from data. At Archer, we combine analytical skills and proficient use of technology to make valuable contributions in virtually any discipline. We enjoy leveraging our decades of experience to solve problems accurately and efficiently. Let us know what data and analytical challenges we can help you solve.

California Actuarial Study and Actuarial Summary (SB863)

If your company currently self-insures (or formerly self-insured) workers compensation in the California, it is required to file an annual actuarial study and actuarial summary with the state. This year, the reports must be electronically filed by May 1, 20241.

A filing exception is available for self-insureds with either: A) 10 or fewer open claims, or, B) less than $1 million of estimated future liabilities.

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Minnesota Self-Insureds

If your Minnesota-domiciled organization self-insures its workers compensation exposure, it likely needs a regular actuarial certification
from a member of the Casualty Actuarial Society via Minnesota 2019 Statute 79A.04.

Recent Articles

3 Things All Risk Managers Should Know about Loss Reserves

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This article highlights three items all risk managers and finance professionals should know about their self-insured program’s loss reserves. An actuarial loss reserve analysis has the potential to affect an organization’s financial position. This potential is formally recognized by an…

Read More 3 Things All Risk Managers Should Know about Loss Reserves

The Financial Implications of an Actuarial Reserve Report (for Self-Insureds)

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This article examines the financial implications of changes in actuarial loss reserve estimates for self-insured organizations. An actuarial loss reserve analysis has the potential to affect an organization’s financial position. This potential is formally recognized by an organization when the…

Read More The Financial Implications of an Actuarial Reserve Report (for Self-Insureds)

What is IBNR?

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This article examines the various components of IBNR for self-insured organizations. A self-insured’s individual claim reserves typically compose a significant, but not complete portion of its overall loss reserve liability. Rarely are case reserves sufficient to fund all expected future…

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Loss Reserve Components

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This article examines the various components of loss reserves for self-insured organizations. It is often convenient to use the term “loss reserves” in a general way to describe loss and expense reserves. This shorthand makes communication easier, but it is important…

Read More Loss Reserve Components