Actuarial services and consulting services

Whether you have an established in-house actuarial team or not, our actuarial managed services are designed to complement and enhance your organization's capabilities. We provide appointed actuary services, along with outsourced and co-sourced solutions, addressing the full spectrum of actuarial functions for life and P&C insurance companies—including pricing and underwriting, reserving and finance, and risk and capital management. Our agile approach allows us to integrate seamlessly with your existing operations, providing specialized support that is both nimble and cost-efficient. We adapt to your unique business profile and we help ensure that your actuarial functions are robust and aligned with your strategic objectives.

Our experienced professionals can support these services with our proprietary insurance growth and profitability solution. With this solution we consolidate and harmonize your data across systems to develop accurate pricing models. These models are built on reliable data and refined using advanced analytics and predictive modeling so that they reflect current market conditions and loss trends. We guide organizations through their data transformation journey, enhancing data governance, quality assurance and analytics capabilities to drive profitability.

At RSM, we are seasoned actuarial advisors committed to fostering actuarial modernization and transformation initiatives. Our specialized skill sets in actuarial process automation, implemention of robust actuarial controls and advanced analytics are pivotal in streamlining your operations and ensuring precision in your actuarial functions.

Our strategic advisory goes beyond traditional consulting to serve as your partner in transforming actuarial processes, driving efficiency, accuracy and insight-driven decision making across your organization. Our transformation services are significantly enhanced by our deep experience in international financial reporting standards and capital frameworks, including IFRS 17 and the long duration targeted improvements (LDTI) framework.

You need actuarial risk services tailored to address the intricacies of various insurance programs, including pension and employee benefit plans. RSM’s actuarial risk solutions provide thorough support for affinity and association insurance programs, self-insurance strategies, captives, risk pools, and reciprocals through feasibility studies, funding analyses and premium allocation methodologies. Our robust services also extend to encompass the specialized realm of pension and employee benefit plan actuarial services. We deliver precise valuation and strategic guidance to ensure the financial health and regulatory compliance of these plans. By identifying and managing the distinct risks associated with each program, we enable our clients to maintain robust, sustainable insurance and benefit structures in any market condition.

The insurance industry is currently undergoing a significant data revolution, characterized by an unprecedented influx of information and the growing importance of data-driven decision making. RSM’s comprehensive actuarial data analytics services include data engineering, business intelligence and advanced analytics to keep you at the forefront of this transformation.

We understand the pivotal role data plays in shaping the future of insurance, from personalizing customer experiences to optimizing risk assessment and pricing. We empower insurers to not only navigate but also lead in this new era, leveraging data to create value, drive innovation and sustain a competitive advantage.

DIVA risk modeling software

Amid an ever-accelerating business environment, RSM's proprietary DIVA modeling software offers an innovative solution for managing the increasing demands of risk modeling and management. DIVA is designed to consolidate disparate financial planning and analysis models from various businesses into a unified, sophisticated, yet user-friendly system. It adapts seamlessly to new strategies and products, and evolving business and economic conditions.

DIVA excels in performing detailed scenario analyses, sensitivity studies and reverse stress tests, and generating both economic and regulatory capital estimates efficiently. It is crafted to streamline the customization of risk models, bolstering your enterprise risk management in managing risk indicators and risk appetite metrics. DIVA's intuitive design means ease of use without the need for deep programming skills, complemented by RSM's dedicated support and straightforward training programs. 

RSM can pair DIVA with our proprietary Environmental Risk Score (E-Score) to provide climate risk modeling as part of your organization’s environmental, social and governance (ESG) strategy. This modeling enables you to quantify and report on climate risk, identify companies within an investment portfolio contributing to climate risk, conduct “what if” analyses of alternative portfolio structures, and identify proactive measures to reduce climate risks. 

With the third wave of sustainability reporting and regulators mandating ESG integration into compliance programs, you have the opportunity to get ahead of current and future reporting and compliance requirements. Your individual needs can be determined through an ESG Rapid Assessment^®.

These fully integrated services are part of our commitment to elevating actuarial science into a strategic asset for your business. By collaborating with RSM, you're choosing a partner recognized for solving the most challenging problems with solutions customized to augment your capabilities and help you make confident, informed decisions.