These days, consulting actuaries are often asked to appear as expert witnesses at trials or arbitration hearings, at a law firm or company’s request.
From briefing the attorneys on insurance industry issues and standard practices, to properly preparing clients for litigation and settlement opportunities, actuaries are able to consider various outcome probabilities and perform damage calculations using sophisticated models and various scenario outcomes.
Also, clients that are going through a life changing situation may also call upon an actuary to value future benefits, including:
- Motor vehicle accidents
- Slip and falls
- Termination of employment
- Loss of earning capacity
- Loss of pension benefits
- Cost of care
- Loss of disability income
- Life interest
- Life insurance valuation
- And more!
At Mondelis our actuaries and insurance industry experts are happy to provide sophisticated actuarial and statistical analysis reports in an effort to assist attorneys in their litigation and negotiations for their clients. In addition, our Mondelis Actuaries also appear as expert witness to support the valuation report, if required.
Learn more about our comprehensive Legal & Life Insurance Valuations!
Contact us today!