Scope sheet
finbryn.com
Actuarial
Insurance rate making and pricing support
Finbryn provides insurance rate making and pricing support for MGAs, small insurers and captives: loss cost analysis, rate indications and the exhibits behind a state filing, with the actuarial memorandum signed by the insurer's own actuary or another qualified actuary it engages. Checked 2026-10-16 against the NAIC rate filing chart (state entries dated June 2026).
What is included
- Premium and loss data checks with a written exceptions list
- Loss development, trend and expense analysis behind the indication
- Rate indication and rating-variable relativity exhibits
- Model documentation covering data, validation and limitations
- Filing exhibits assembled for the insurer's SERFF submission
The process
- 1.
Agree the filing scope and states
List the lines, the states and each state's review method from the NAIC chart, and who files in SERFF.
- 2.
Check the premium and loss data
Reconcile premium and loss files to the ledger and return an exceptions list under the ASOP 23 frame.
- 3.
Build development, trend and provisions
Produce loss development, trend and the expense and profit selections for your sign-off.
- 4.
Produce the indication and relativities
Apply credibility, calculate the overall change and the rating-variable relativities, and document any model.
- 5.
Assemble the filing exhibits
Arrange the exhibits in each state's checklist order, with a memorandum draft for the signer.
- 6.
A qualified actuary reviews and signs
The actuary named in the engagement letter reviews the file and signs the memorandum.
- 7.
The insurer files and answers objections
The insurer submits through SERFF; Finbryn prepares the exhibits that support its responses.
Software
Microsoft Excel, Python, R
Finbryn is a brand of Northlane Solutions Inc., a Delaware corporation.
Reviewed October 2026