Producer

Information concerning how our work-products might be of interest to a Producer is given below.

Interest in Work-Products

The Producer might have either a general or a specific interest in Work-Products.

General Interest

By being an Eligible User of Work-Products, the Producer will, in effect, have its own staff actuary and be able to offer the same full range of services that are offered by its larger competitor Producers.  Being shut out of a bidding opportunity should not be common. There are, however, several additional and significant advantages in using Work-Products: (a) the Producer has no actuary salary or upkeep expenses and (b) there are no potential E & O liability issues associated with Work-Products. Also, the Eligible User will have ready access to the full reservoir or data, experience and knowledge of Actuarial Work-Products, Inc. The Actuary is engaged by the Producer (Eligible User) and has no relationship with the End User (plan sponsor, e.g.); as such, the Producer has the fee-payment responsibility.

Specific Interest

The Producer typically will have an active interest in the full menu of Work-Products either as an active (or Eligible) User or as an intermediary with it client, The role that is assumed by the Producer will vary with each Work-Product: (a) where the Work-Product is mandated (claim reserves, Annual Actuarial Report, Government Entity Certification, Medicare Part D Creditable Coverage Certification, e.g.) the Producer is an enabler and (b) where  the Work-Product is a decision-making model (all of the Monte Carlo Simulations, Medicare Part D Feasibility Analysis, HRA/HSA modeling studies, e.g.),  the Producer is consultant/advisor.

Associations

The Producer (consultant, risk or broker) might be a member of any of the following producer-related professional or trade associations:

            American Institute of CLUs
            Association of Financial Planners and Insurance Advisors
            National Association of Health Underwriters
            Self-Insurance Institute of America
            International Foundation of Employee Benefit Plans
            America’s Health Insurance Plan.   

Journals

Other than Association-sponsored Journals, the Producer might subscribe to these Journals:

             To Be Added.

Magazines

Periodicals that accept advertising that might be subscribed to by the Producer
include the following:

            Risk and Insurance
            Business Insurance
            Self-Insurer
           Rough Notes
           Best Review(s)
           National Underwriter
           Risk and Insurance
           Insurance Times
          Risk Management.