IIC, LLC, a Merlinos & Associates Company, has established a solid track record with both Regulatory and Industry clients since its formation in 1983.
Projects are completed by a team of professionals. We provide timely, cost effective services as well as practical advice to our clients.
We work on either a time and expense basis or flat fee arrangement. We can provide a fee estimate for any project.
Our personnel have considerable expertise in the Insurance Industry. Services we can provide to you and your company are:
Insurance Companies
-We focus on the needs of small to medium size insurance companies, including captives. Attention is given to regular loss reserve evaluations and rate adequacy.
-Assist company management to develop insurance products from the pro forma stage to final implementation of rates and required regulatory filings.
Self-Insurance Funds
-We provide a similar range of actuarial services to over thirty funds in the Southeast area with a combined annual premium volume exceeding $300 million.
-Assist management and TPA's with data collection of analytical information.
Excess of Loss Insurance
-Forecast specific losses within layer of liability including estimating the number of claims penetrating each coverage threshold within layer.
- We use loss experience from the client’s computer files as source data and we use computers with specialized software to compile analytical output.
High Tech Data Analysis
- We utilize SAS Software to manipulate large data files for analytical purposes such as modeling and forecasting by injury/disability type in Workers' Compensation.
- Generate premium at present rates using current exposure for pricing adequacy review rather than using estimation methods which are less accurate but still popular.