Return of Premium (ROP) term products have become a major addition to the portfolios of insurers. Viewed attractively by purchasers for their apparent "no cost" design, they are also viewed attractively by insurers for the coincidence of consumer and company objectives. That is, the design improves persistency, which generally helps company profitability, although later year profitability patterns may be adversely affected.
The design is extremely popular in the mortgage term marketplace, and is commonly available on brokerage term products.
Actuarial Strategies has particular expertise in this product segment, and offers a full array of services. In particular:
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Extensive experience in design pricing, earnings analysis, marketing, valuation, and management of highly successful ROP term products in both the simplified issue and brokerage context.
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State filing guidance (by former chief actuary of state insurance department.)
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Team of dedicated actuaries with many years of experience in product design and financial issues.
- Reinsurance services to help you get the best reinsurance possible in the current difficult environment.
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Product Design
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Competitive Analysis
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Comprehensive Pricing
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Assumption Development
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Deterministic Pricing
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Stochastic Pricing
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Reinsurance negotiation, especially impact on underlying term product
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Surplus Strain Mitigation
- Contract Development & Filing
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Actuarial Memoranda
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Illustration Regulation Compliance
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Technical Specifications
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Product Modeling Tools
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Post-Issue Monitoring
For further information call Actuarial Strategies at (860) 726-9292. Please ask for Cary Lakenbach. 
