Actuarial Analysis

Actuarial Analysis

What is an Actuary?

An actuary is someone who calculates the current value of financial events that either occurred in the past or are expected to occur in the future by applying probability and statistical methods to calculate the risk of occurrence of any event, such as the onset of illness, recurrent disease, hospitalization, disability, or death.

Actuaries in the litigation arena play an important role in civil litigation cases by assisting in the quantification of economic damages.[1]

TD&P experts issuing statements of actuarial opinion (SAOs) are required to adhere to the Society of Actuary’s Code of Professional Conduct, Actuarial Standards of Practice, and Qualification Standards for education, experience, and continuing education.[2] The principal calculations carried out by our experts include the present value of lost past and future earnings, lost pension and other benefits, lost valuable services, and the cost of future care in disputes arising from matters such as:

  • Personal injury,
  • Wrongful death,
  • Professional negligence, and
  • Wrongful dismissal.

To learn more about our actuarial services or to schedule an appointment, contact TD&P Consulting, Inc., located in the Washington, D.C., Metropolitan Area, today.

[1] Wishnick, S. (n.d.). Actuarial Litigation Service. Retrieved February 18, 2020, from https://www.actlitserv.com/index.php?page=confessions-of-a-financial-expert

[2] Guidance for Actuaries. (n.d.). Retrieved February 18, 2020, from https://www.abcdboard.org/standards/guidance/