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Experienced, Personalized Actuarial Consulting
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Who We Are
Peak Actuarial is a team of licensed Actuaries with over 40 years of expertise in Employee Benefits. We’ve guided clients through dynamic shifts in the healthcare landscape over the decades. Navigating this ever-changing terrain can be perplexing, but don’t worry – we’re here to guide you and your clients through this volatile space.
what makes us different
The Values We Live By
Experience
After spending decades working for large consulting firms, we realized there was a gap in the marketplace for small consulting firms that are affable and agile. We founded Peak in 2020 to empower brokers with the tools and information they need to succeed with their clients. All of our Actuaries are members of the American Academy of Actuaries and are licensed to sign off on reserves and other actuarial reports.
We Have Your Back
Each analysis that we perform is reviewed by at least three actuaries to ensure high quality deliverables. Employee benefits are confusing, and the math behind them is even more confusing—that’s why we are looking for partners, not clients. We give each partner the time and guidance that they deserve. We communicate our results in laypersons terms to ensure that you can confidently deliver them to your clients. we are always available to answer questions or to jump on a call with you and your client to help explain our findings.
Our Approach
Our service includes best in class pricing, lightning-fast turnaround, and individualized consulting. We aren't here just to deliver results; we are here as your partner. Actuarial topics get complicated quickly, and we pride ourselves on the ability to break down results in a palatable manner. Our comprehensive reports highlight relevant findings and make actionable recommendations to help you and your clients achieve their goals.
Full Service Suite
We offer a wide range of services to help you achieve your goals:
-IBNR Reporting
-Merger and Acquisition Analysis
-Private Equity Due Diligence
-Renewal Projections
-Self-Insured Feasibility Studies (SIFA)
-Stop-Loss Pricing Analysis
-Minimum Value Attestation
-Demographic Analysis
-Benchmarking
-Ad Hoc Actuarial Analysis
-More!
Services We Offer
IBNR Reporting
Peak can help by evaluating appropriate reserves for self-insured health care plans. We can produce results by plan or in aggregate, depending on your needs. For clients with tight quarterly or year-end deadlines, we can produce trended IBNRs.
Private Equity Due Diligence
Peak has experience performing due diligence on private equity deals to ensure that the benefits program of the target company is in compliance and does not represent a significant or undue risk to the acquiring company.
Merger and Acquisition Analysis
In this highly acquisitive atmosphere, Peak can help determine the implications of merging multiple populations onto one health plan. We can estimate appropriate premium equivalent for self-insured plans or help to negotiate appropriate premiums for fully-insured groups.
Renewal Projections
Peak has expertise in setting self-funded premium equivalents and negotiating fair fully-insured and level funded premium with carriers. These days, Insurers always want you to pay as much as possible. We make sure you pay as little as possible.
Self-Insured Feasibility Studies
Have a group that might be better off self-insured? Show them the proof with our Self-Insured Feasibility study. Our report compares their financial outlay under both a self-insured and a fully-insured arrangement to help your clients understand the risks and potential rewards of self-insuring their health plan.
Stop Loss Pricing
Primary carriers aren’t the only ones trying to extract their pound of flesh in this highly volatile environment. Reinsurers are showing loss ratios that are higher than ever. You can choose an experienced partner like our team to defend your clients’ pocketbook from exploitative reinsurers.
Ad Hoc Analyses
Peak is always happy to assist with one-off or exotic analyses. Our team prides itself on our creativity and our ability to solve complex benefit problems using approaches that are palatable for a broad audience. No matter what scenario you’re in, our team is here to help you every step of the way.
Demographic Analysis
Peak’s Actuaries have developed a proprietary tool to help employer groups understand their own underlying demographic risk. By understanding this risk, we can suggest funding strategies and plan design modifications to mitigate anti-selection risk and demographic risk. We are also able to compare your population’s risk to targeted industries and regions.
Minimum Value Attestation
Peak’s licensed Actuaries can ensure that your clients’ plans meet minimum requirements under the ACA.