Taylor & Mulder provides support to accounting firms that require independent actuarial analyses of reserves for financial statements that include significant insurance risk, whether it is a statement for an insurance company or a statement for a corporation that self-insures its own risks. In this role, we provide an independent reserve analysis or assist auditors with a review of other actuaries’ work, enabling the audit team to sign off on insurance-related liabilities.

Taylor & Mulder actuaries have experience as managers at the big accounting firms such as Deloitte. Responsibilities for audit assignments include audit support on reserve estimation for both US and foreign insurance companies. Our experience has generally involved more complex assignments. Our actuaries have performed the actuarial tasks required for foreign to US GAAP conversion, which included changing the international reserve database and conforming the reserves to domestic standards. We are conversant with the issues of Solvency II.

Our actuaries have supported financial audits of nearly all lines of property and casualty coverages, including the longer tail liability lines such as hospital and physicians, surgeons, professional liability, products liability, general liability, commercial automobile liability, environmental liability, cyber liability, private passenger automobile, homeowners, farmowners, and workers’ compensation.

Taylor & Mulder actuaries have provided support for a wide variety of some of the more unique and esoteric lines of business such hurricane, wildfire, earthquake, flood, libel and slander, felonious assault, construction defect, inland marine, surety, fiduciary, crop insurance, personal umbrella, equipment breakdown, media liability, title insurance, legal malpractice, aviation title, strike insurance, railroad liability, FHA/HUD mortgage guaranty program, taxicab liability as well as asbestos, environmental, and other mass tort exposures among others.

Our actuaries have assisted independent accounting firms in premium and loss reserve evaluation, statutory loss reserve opinions, risk transfer, and interpretation and explanation of insurance company actuarial analysis, including premium deficiency reserves and other actuarial elements as needed in connection with audit work or other financial analyses. We have the capacity to handle major client services of significant complexity.

Taylor & Mulder has partnered with accounting firms to participate in the evaluation of potential merger candidates for a number of insurance companies. The evaluation of an insurer as a merger and acquisition target involves reserve estimation as well as a projection of future profitability and stability.

Our actuaries have been responsible for actuarial standards and data quality that included setting the reserve and pricing standards for insurance company groups. Work with these large multi-line insurers involves a significant amount of reserve evaluation in both standard actuarial methodologies, along with advanced actuarial techniques including modeling and simulation.

Taylor & Mulder actuaries have evaluated the financial strength of current or potential reinsurers for auditors and for insurer security committees. We have reviewed compliance of reinsurance agreements with the requirements of SSAP Chapter 62 and FAS 113 for audit clients.