Warranty, Extended Service Contracts, GAP and related products
Lines of Business
Whether you are an Original Equipment Manufacturer (OEM), a service contract administrator or an insurance company with warranty or extended service contract exposures, we have the skills and expertise to help.
We offer a variety of services including:
- Rating plan analysis and refinement
- Reserve Evaluations
- Statements of Actuarial Opinion
- Reserve Range Analyses
- Unearned premium reserve adequacy testing for long duration contracts
- Extended service contract premium & revenue recognition patterns (i.e. earning patterns)
- Estimation of Deferred Service Obligation (DSO) reserves
- Profit sharing plan development and analysis
- Profitability Analyses
- Producing meaningful analyses, dashboards and reports to drive execution and measure success
- Captive Feasibility Studies
- Evaluation of historical loss experience
- Premium determination and rating methodology development for prospective business
- Assistance in developing proforma financial statements
- Evaluation of capital adequacy
We perform these services for a variety of product spaces such as:
- Auto Vehicle Service Contracts (VSC)
- Home warranties
- Brown & white goods
- Cell phones
- Commercial equipment
- Construction materials and construction defect
- Original equipment manufacturers