Understanding the Assumptions in Your Actuarial Estimates

14 Sep 2017
8:30 am - 9:45 am
Tallac, Lake Tahoe Resort

Understanding the Assumptions in Your Actuarial Estimates

Do you understand the assumptions in your actuarial report and how they affect the resulting estimates? Pool professionals and governing officials need to “own” the assumptions in the actuarial report. Staff and board members don’t need to create the actuarial report, but must have a solid understanding of the basic assumptions contained in the report, be confident that they are reasonable and know how to properly use the actuarial results to evaluate and fund a risk sharing pool.

At the completion of this session, attendees will be able to:

  • Understand the estimates and assumptions in an actuarial report
  • Use the estimates to evaluate their pool’s financial health
  • Avoid funding mistakes by understanding the limitations of the estimates

Speakers:

  • Marcus Beverly, First Vice President, Alliant Insurance Services
  • Mike Harrington, President Actuarial Services, Bickmore,
  • James Marta, Managing Partner, James Marta & Company

Moderator: Ken Hearnsberger, Finance Manager, North Bay Schools Insurance Authority

Interest areas: Pool Manager, Finance, JPA Board