ALLEN BAILEY & ASSOCIATES, INC.
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I was extremely excited to start this firm in 1985.  But I quickly learned several things that were not very encouraging.  First, I learned that everybody already had a consulting actuary and, typically, were very happy  with  him or  her.   Second,  I  learned  that  no one  had  ever heard of me.   “Why  are  you here?”  became  a  familiar question.   Immediately  I realized that in order to be successful I must find ways to positively set myself apart from the established competition.

I began to realize that although  every  insurance  organization  might have actuaries employed or may employ   consulting  actuaries  that  there  was  nothing  that   would  exclude  me   from   developing  a relationship with anyone if I brought something to the relationship that no one else did: Ideas.  Down-to-earth, real-world ideas.  I could offer specific ways to help  individuals in ownership  or  decision-making roles accomplish their primary objective.  This is, of course, making money.  

I  realized to  accomplish  this I needed to  help a  company perpetuate  and grow  its  existing programs,  as well as to offer innovative and cost-effective product  ideas that could be quickly implemented.   And that is exactly what I have been doing for the last 25+ years.  

My  father taught me all things right and good can be accomplished through desire and determination. That is, desire and determination, when focused on achieving that which is right and good,  can  overcome  any  shortcoming in education, intellect,  and other personal  traits.  He  was right.  My desire  and  determination,  coupled  with  treating  clients the  way I  would want to be treated, has been a hallmark of our success.  I strive,  to the very best of my ability, to recommend actions and programs that are truly  in my client’s best interest,  regardless of the  impact it may have on my firm.  
 
Since  inception, I have never  forgotten this immensely important role in a successful   relationship.  Ideas to help  AB&A’s clients enhance their success come in many different packages –  enhancing or fine-tuning  existing  products,  opening doors to new markets or  new  product lines, acquisitions,  and new  relationships.   In  some cases  I have found it  just as important to  explain to management  why,  in certain companies, eliminating  specific  behavior or programs can help a  company right its own ship.   These  are but  few a few of the strategies,  initiatives,  and programs  that  my firm  offers.  These ideas  and actions  are   intended to help our  partners  achieve, and hopefully  surpass,  their  goals  and expectations, whatever they may be both now and in the   future.


Ultimately,  the success of any company (an  insurance company or a consulting firm)  is  determined by the quality of  its most important asset – its people.    A number of years ago a client told me that one thing I do really well is  hire great people.   Though I may be  biased, I concur.  As you explore our website, I  hope you will pay particular attention to the individual bios.   These people,  this team, are the heart and soul of AB&A.  Their intellect is high.  Their education outstanding.   Their breadth of experience speaks for  itself.   Whether serving insurance companies or  fraternal benefit societies,  state  departments of insurance, or marketing organizations,  this  group in Austin can  “plug in” to the role required and function in a superior  manner.

 
Our  mission statement, “constantly pursuing expeditious  perfection,” goes to the  heart of who we are.   Getting it  right,  doing so on time and on budget are the fundamental traits that have  led  to success year-over-year since  1985.

Our  pursuit of perfection always  has been, and always will be, done in a courteous  manner, fully recognizing the  fact that we earn our  clients' trust and the  privilege of continuing to  work for them each and every day.

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         L. Allen Bailey, FSA, MAAA
     Founder & CEO

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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
  • The CAA - 2021 WP
  • 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