Products: Tailored Staffing Solutions

A client may need an actuary for a limited period of time for staff services. Contracting with the client to be available for a certain minimum number of hours per month, Joe Marker will serve as staff to senior management on an “as needed” basis. Clients may seek advise on topics such as:

• Actuarial databases and actuarial function workflows
• Coaching of less experienced actuarial staff
• Temporary staff support during staff absence or illness of a month or more
• Project management of new project
• Assistance reorganizing or selecting new actuarial staff
• Peer reviews of actuarial recommendations
• Long term planning
• New product ideas
• Mergers and acquisitions issues
• Reinsurance issues
• Other insurance challenges requiring actuarial expertise

Hiring an actuary experienced with corporate procedures to attend to actuarial needs as necessary frees the client from burdensome permanent staff obligations. In today’s business climate, clients see increasing uncertainty and variance in demand for products. Clients need fast and reliable analysis of new marketplace opportunities to be competitive. Yet full time permanent staff obligations may not always be the best use of company resources. Clients may find that savings can be significant using a smaller permanent staff handling known routine functions supplemented with a senior actuarial consultant as needed to handle more complex issues. A consultant accustomed to working with company staff on an “as needed” basis is often very useful during crunch opportunity time. Familiar with the people and organization, the client has a consultant who can meet actuarial information needs promptly and cost effectively. During crunch opportunity times, Joe works side by side in client’s offices as necessary late into evening hours or on weekends to help clients mine data and analyze issues. When an issue arises requiring additional staffing, using Marker’s network of independent consultants, Marker is able to coordinate bringing in additional consultant experts as needed without burdensome permanent staff obligations for his client.