Policy Review, Design, & Management
Policy Review, Design, & Management
As the economic environment and insurance industry change with time, we believe effective policy management is more vital than ever. Products are becoming increasingly more complex, and a greater number of variables can affect performance. Many are not performing as originally intended, while others do not align with changing needs, markets, and objectives.
As with any asset, it requires thoughtful planning and ongoing management. Goals, objectives and situations may change or need to be adjusted, impacting the asset clients have chosen to protect, hedge or enhance. Reviewing or auditing a policy is not a replacement strategy but a focused effort to appropriately identify the situation. Our Analysis and Assessment considers all aspects of a policy as well as personal, estate or business planning. Through a detailed review process and objective analysis, we will work to determine the current performance and identify solutions to improve it, if necessary. Active and ongoing management is essential to providing continuous alignment with goals and objectives.
Key Highlights of Our Methodology:
Team Expertise
We utilize product design teams, underwriting, software analysis and investment, insurance and financial planning professionals.
Data Insights & Due Diligence
Provide data analytics, product due diligence, market intelligence, and product pricing to gather the proper data and find anomalies.
Regulatory Risk Evaluation
Independent objective specialists in regulatory risks, we will confirm if your trustees or other professionals have acted in accordance with the laws as fiduciaries. If corporate-owned, the review will not only analyze the policy, but also the ownership and if it is compliant with IRS regulations.
Strategy Monitoring
Monitor the market changes and decipher the never-ending flow of data, as well as regulation, to ensure potential strategies are flexible, competitive and responsive to everyone involved.
Regulatory-Compliant Reviews
We provide written and measurable reviews that meet current regulatory and legislative specifications.
Investment Analysis
Consider suitability, expenses, financials, performance, liquidity, investment structures and portfolios, and the business or other holdings.
Product Positioning Insights
We provide extensive product overviews, discovering a product’s real competitive positioning. With every product release or reprice, we quickly provide detailed and unbiased analysis overviews. We uncover competitive positioning opportunities by looking at products from multiple perspectives, many of which may not have been the intended purpose of a product’s positioning by the manufacturer.
Policy Performance Assessment
Document how a given policy performed relative to both the original “as-issued” policy and to other policies in the market with the same “style.”