Actuarial Annual Report / Claim Development Report
Our company provides services to insurance companies for issuing actuarial annual reports and claim development reports as regulated by the Office of Insurance Commission (OIC). The report consists of claims and premium reserves along with their selected methodology and assumptions. A certified actuary shall sign off on the report. The report is important and compulsory for insurance companies, as they have to report to the OIC that they have adequate financial resources to cover future claims and premiums. Our company has the expertise and experience necessary to provide complete reports for our clients.