P&C Actuarial Advisory
Clear Actuarial Analysis for Confident Decisions
Built on 15+ years of experience across all sides of the industry
Built on 15+ years of experience across all sides of the industry
We go beyond just providing numbers. We bring the following pillars that built our practice to every engagement:
Actuarial methods are often perceived as a black box to non-actuaries. We excel at bridging the gap between observed experience and actuarial methods and assumptions, providing an intuitive understanding of the explicit assumptions underlying the actuarial analysis, the implicit assumptions in the selected results, and their business implications to inform better decisions.
Insurance risk is unique and specialized; we take care to really understand the full picture of your organization's retained risk, exposure characteristics, and actuarial needs to ensure our methods and assumptions fit, or are properly adjusted, to account for the given circumstances, and results and insights are explained in an intuitive and understandable way.
With 15+ years of experience, both advising clients while at a highly regarded management consulting practice and auditing actuarial work while at a Big Four firm, we can provide a unique 360° perspective, having been on both sides of the process and gaining extensive knowledge of the industry, current trends, and emerging risks.
Strong actuarial technical skills and ability to incorporate knowledge of changing environments into methodologies and selections, both in traditional methodologies, but also using advanced and specialized methodologies when appropriate, including incorporating claim-level analytics, leading to higher quality and more reliable estimates and insight into the business.
Bedford Actuarial Advisory, LLC is a specialized property and casualty actuarial practice founded and led by Jim Bedford, FCAS, MAAA. Jim's career spans 15+ years providing similar actuarial services at a well-known management consulting firm, a Big Four audit and assurance firm, and direct experience in primary insurance pricing and predictive modeling — giving him a unique view of how actuarial work is performed, reviewed, and applied.
Actuarial solutions for self-insured organizations, insurance companies, governmental entities, and other groups retaining, evaluating, or analyzing property and casualty (P&C) risk, including: