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 the time to explain the unique and complex aspects in an intuitive and understandable way. We understand the full picture and how our methods and assumptions fit, or need to be adjusted to account for the given circumstances, and take care to really understand your exposure to better measure your risk.
With 15+ years of experience advising clients while at a large nationally recognized consulting firm, working in industry, and auditing actuarial work while at a Big Four firm, we can provide a unique 360° industry perspective and insights, having been on all sides of the process, gaining extensive knowledge of the industry, processes, 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.
Actuarial solutions for self-insured organizations, insurance companies, governmental entities, and other groups retaining, evaluating, or analyzing property and casualty (P&C) risk, including:
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.
