ALLEN BAILEY & ASSOCIATES, INC.
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Senior Consulting Actuaries

Successful actuarial, IT, and compliance services are a result of certain basic approaches, attitude, and principles – whether a  life insurance company, a fraternal benefit society, or even a successful athletic enterprise.  These basics  do not vary.  The following is an  overview intended to describe the approach AB&A has used successfully for  25+ years to help our clients grow  profitability.
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Fundamentals.  Any effort to  build new products and programs is  doomed to failure without first  establishing the fundamentals, such as sound  analytics and metrics, from  which these programs should be developed.  Any individual client’s  experience with regard  to mortality, lapses, expenses, investment income,  and cost must be determined  and established in order to properly price any  new products.   AB&A has established models and templates that can  be used to  determine what emerging experience is for each of these items  and it has the  ability to implement the associated processes and clearly communicate the  results.


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Tools.  We are aware of no  other actuarial firm who invests  more material sums in procuring and  maintaining state-of-the-art tools to assist  their professional staff in  various projects, be they product development or  financial reporting.  As an  example, AB&A maintains the two most recognized  (and expensive) software  tools in the industry to perform asset liability  matching (or cash flow testing  – CFT).  Our firm is dedicated to putting in the hands of its professionals the most technologically  advanced  tools available in its trade.   There are many other  examples of tools purchased by this firm to maintain  a cutting-edge  advantage over its competition.  This will never  change.


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Service.  This firm was founded  in 1985 with no clients.  In order to set itself apart and to sincerely  impress its desire to serve potential clients, AB&A has built its   success on unparalleled service.   Any phone calls not answered  immediately will be returned within a matter of minutes.  All  questions or  issues posed to AB&A are responded to in clear and direct  language in as  short order as is humanly possible.   Our  professionals care about each and every assignment and clients are  treated  with the utmost respect and courtesy.  Most importantly, a sense of urgency  pervades in all or our work, irrespective of the size of the assignment or  the  client involved.


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Technical Competence.  AB&A has been very selective in its  hiring.  Our professionals’ experience, combined  with the tools  available and sincere desire to serve, has earned this firm very visible and  extremely responsible assignments. As an example, AB&A has  performed  actuarial examinations for many of the largest insurance  companies in this  country.  Metropolitan Life, New  York Life,  Hartford, Penn Mutual, TIAA Cref, Transamerica, and many, many more   extremely large domestic carriers have been assigned to this firm for   determination and certification of the level and adequacy of liabilities.  These  carriers represent a preponderance of the insurance market in this  country.  But this technical competence is not  demonstrated only in performance of work for various state insurance  departments.  We are  the Appointed  Actuary for numerous fraternal benefit societies and life  insurance companies.  These relationships  have spanned many  years.  Not once has any state examination or independent audit  uncovered any sort of material  errors in our  work.  


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Value  Added.  Any actuarial  firm you may be considering for  service can no doubt provide the basic  actuarial functions that any society or  life insurance company must  annually perform (e.g., actuarial opinion, cash flow  testing, reserve  certification, etc.).  So why choose AB&A over any of these other  competitors?  
 
For years, our firm has very successfully  brought  new, practical, inexpensive marketing ideas to fraternal societies  and insurance companies alike.  These programs  have led to  immediate growth in life  insurance production in a  short period of time with no  surplus  drain.   

Many clients find themselves with  inordinate sized  blocks of annuity business.  We  have developed  several programs to help convert this annuity business, where  appropriate,  into meaningful single premium life insurance business.   This has  many positive benefits (e.g., reserve reductions, implementation  of new  surrender charge periods, etc.).   This is just one example of the programs we have readily  available that can be implemented quickly with very limited actuarial   expense.


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Soup-to-Nuts. 
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B&A  has the ability to take a  product from conceptual discussion with  marketing through development of the  policy form, application, filing in  all jurisdictions in the U.S. and, if  desired, implemented on an  illustration platform for use by our client’s  agents.  This is  demonstrative of the breadth of services offered by the professionals at  AB&A.


Our longevity in providing top-quality actuarial  service for over a  quarter of a century speaks for  itself.

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Our mission statement, "constantly pursuing expeditious perfection," goes to the heart of who we are.                -Allen Bailey
  • Home
  • AB's Vision
  • About Us
  • Services
    • Actuarial >
      • Product Development
      • Cash Flow Testing
      • Financial Analysis
      • Mergers & Acquisitions
      • Financial Reporting
      • Experience Studies
      • Risk-Based Capital
      • Management Consulting
    • Software
    • Data Processing
    • Compliance
    • Fraternal Strategy
  • Our Team
  • Our Mission
  • Contact Us
  • AB White Paper 1