Overview of OAC Actuarial Calculation Services
Our Actuarial Calculations service typically involves calculations that discount a series of potential future payments to give a present value. They are potential because the amount in future may depend on whether certain persons are alive or dead and on future financial assumptions such as investment returns and rates of inflation. Such calculations are typically required in connection with pensions, life insurance and interests in Trusts.
Calculations may also involve accumulating past payments that either were paid, or should have been.
Calculations are usually required in connection with a potential claim for compensation because inappropriate financial advice has been given or because a financial arrangement is to be altered and the cost has to be ascertained.
There are a variety of situations in which such calculations are required and OAC has a wide experience of a large variety of types. No matter how unusual a request OAC is happy to look at it and if it is something OAC can do, to provide a quotation. In our experience the only thing that can cause us to decline to calculate is where information is required that cannot be provided and is not in the public domain. Even then we can often make assumptions that should be acceptable.
The most common type of requests change from time to time and below is a brief description of some of those that we are seeing at present.
OAC also provides actuarial calculations for firms wishing to outsource complaints or loss calculations arising from complaints. See the Outsourcing Solutions section of our website for more details.
Simply click on the links above to find out more about each of our services.