Bartlett Actuarial Group | Minimizing Risk, Maximizing Return

Bartlett Actuarial Group is a

Actuary Services

We invite you to find out how we can help you make it happen with your business, your personal finances, your career and your future by providing you with accounting services, tax services or small business counselling services.

Captives

Keywords: accounting services, tax services, small business services, small business information, web-based payroll, on-line payroll, online payroll, on line payroll, paychecks, payroll help, small business franchise, small business opportunity, small business opportunities, accounting services.

risk managers

Bartlett Actuarial Group Back to Home Page
Charleston, SC Office: 843-377-0993
Phoenix, AZ Office: 602-956-3293
Burlington, VT Office: 802-861-3072
About Risk Retention Group Insurance Program Services Risk Minimizing Team Work Online Risk Minimizing Resources FAQ's about Risk Retention Group Contact Us for Captive Insurance Planning Sitemap of BartlettActuarialGroup.com Bartlett Actuarial Group Blog
Frequently Asked Questions

Runoff Support
What is 'Runoff'?
What is a runoff company?
What is a Loss Portfolio Transfer?
What does the actuary do to support companies in run-off?




What is 'Runoff'?
Runoff is also the term used to describe the process an insurance company follows when it has a block of underperforming business. The company in run-off makes plans for handling the liability for future claims that it expects to pay and for which a reserve has been established.
:: Back to Top ::

What is a runoff company?
An insurance company that is being wound up or otherwise not underwriting business in a particular line. It is thus letting its present insurance policies run to their expiration dates.
Definition from Global Oness
:: Back to Top ::

What is a Loss Portfolio Transfer?
The complicated transaction of ceding an entire portfolio of loss reserves for previous occurrences to an assuming insurance entity has become more common in recent years. Bartlett Actuarial Group is there to help you with determining adequate ceding premiums. This determination usually involves estimating the timing of payments, the potential for further reserve development, and the possibility of additional claim emergence.
:: Back to Top ::

What does the actuary do to support companies in run-off?
The actuary assist an insurance company in run-off by identifying the pros and cons of the run off strategy and suggest constructive alternatives. The actuary will evaluate claims for run-off, perform the reserve analysis and evaluate books of business for a loss portfolio transfer.
:: Back to Top ::

More FAQ Sections...
» Alternative Risk Finance
» Traditional Insurance
» Mergers & Acquisitions
» Expert Witness
» Run-Off Support
» Regulatory Support

To help guide you through this process, we have developed a Glossary of Terms that can help explain some of the terminology throughout this Web site.
© 2009 Bartlett Actuarial Group, LTD. | Privacy Policy | Phone: 843-377-0993