Service: Actuarial Analysis

Life Care Plan Critique and Pricing

Actuarial Analysis



Actuarial Analysis

What is an Actuarial Analysis?

An actuarial analysis is the calculation of the current value of financial events that either occurred in the past or expected to happen in the future by applying probability. Statistical methods 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 essential 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 | Wrongful dismissal

Craig Allen

Our expert Craig A. Allen, FCAS, FCIA, leads the Actuarial Analysis department covering actuary and forensic economics services building the foundation of comprehensive experience in professional liability insurance. Over twelve years, Mr. Allen has served the legal profession of Ontario, Canada as Vice President and Actuary at LAWPRO, the profession’s liability insurer of its 20,000 lawyers in private practice. Litigation support was among Mr. Allen’s contributions, in applying his analytical and data management capabilities to the resolution, financial reporting, risk management, and funding of a $300 million portfolio of 3,500 complex malpractice claims. Read More on Craig Allen

To learn more about our actuarial services or to schedule an appointment, contact TD&P Consulting, Inc. at admin@tdphealth.com or call (877) 420-8680.

[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/