/Healthcare

Healthcare

We would be delighted to discuss any of following:

Estimation of IBNR (Incurred but not reported) Claim Liabilities, loss ratio and claims utilisation studies, reserving and modelling

Assisting, refining and developing pricing methodology and best practices and assessing impact studies, processes for in-force business including experience analysis

Various experience formulas and applications including determining appropriate stop loss rates, demographic and claims experience

Forecasting of future premium claims based on various deductibles, environmental changes, regulatory changes, new or generic drug availability, new available procedures as well as risk adjustment enhancements

Creating of various models taking into account trends, payment levels and selection issues, advice on amendments to regulations and legislation

Post- Retirement Medical Aid Valuations: Performing entire valuations process from start to finish, including data requests, calculations, checking and drafting of the valuation report

Working with underwriters and various business units to apply models specific to groups

Working with business units to determine where new business rate levels should be set, and which renewal increases roll over from existing arrangements

Development of a range of risk management and managed care programs to drive claim cost down and improve healthcare outcomes for patients

Redesigning and costing of service provider tariffs or reimbursement models

Developing dynamic activity-based costing and demand models

Interacting on all Health Reinsurance matters including risk sharing arrangements

Global consulting resources at your fingertips

We have assembled a truly global team of very experienced actuaries who have the knowledge and capabilities to partner with you in any project you see as top priority. The experience provided above encompasses the vast knowledge of some of our actuaries and enables us to start a conversation about where you are headed and how we can help you get there. Each assignment is most certainly unique just like your very own business. There are 2 major things we see as differentiating you from your competition. Firstly the products you have available and secondly how you manage those products. Efficiency and reliability is never a zero-sum game but rather a series of management decisions utilising the resources you have, to achieve your desired outcome. Every golfer needs a top-class caddy and we have been walking the fairways of this industry; knowing which obstacles to avoid and from where to try and hit the green. As a new turnkey actuarial services provider, we are only 10% busy at the moment which allows us to spend 90% of our effort to make you more efficient.

Your performance before vs after Virtual Actuary is involved

A – Things were going so well until we moved into all those other countries

B – I think I’m going to give Virtual Actuary a call

C – Having the extra capacity is really empowering the other staff

D – Now this is the vision for where my business should be headed

Why choose Us?

Virtual Actuary is a level 2 BEE service provider with a team of experienced actuaries who have a thorough insight into the South African insurance industry. Collectively our in house skill set incorporates over 40 actuaries who have each in their own right reached the highest level within their respective previous employers

We can be reached accordingly.

+27 21 433 1512 / +27 83 570 2272 / info@webaddress

As a leaner operation, we'll extend those cost savings on to you

We can’t wait to hear all about your ambitious plans and how we can get involved timeously and affordably

Let's get your plan of action down on paper so we can get started

Our business is founded on being pre-emptive, precise and practical. How refreshing!

We can also be reached via our contact now page