About Us
Illinois Risk Management Services (IRMS) houses our actuarial firm. We’re also a part of IHA, which founded IRMS in 1994. Our clients include small self-insured entities, single-parent captives housed off-shore and national commercial insurance carriers. We have the flexibility and knowledge to serve all lines of property and casualty insurance. IRMS Actuarial Services works with insurers, self-insureds and group insurance programs across the U.S. to provide high-quality services at competitive rates.
Our customers come first. We take the time to ensure that we fully understand your needs, customize plans to meet your needs and ensure you fully understand the results of our analyses.
What We Offer
IRMS Actuarial Services is built on the expertise of our credentialed actuaries. Our team has broad business backgrounds and the drive to offer a tailored approach to each client. Our services include:
- Loss and loss adjustment expense reserve analyses: We understand the internal and external forces that affect reserves and apply this knowledge to accurately measure reserve levels.
- Rate level studies
- Actuarial Statements of Opinion: IRMS Actuarial Services meets or exceeds all statutory qualifications for providing Actuarial Statements of Opinion, as our consulting actuaries are Fellows of the Casualty Actuarial Society and Members of the American Academy of Actuaries.
- Dividend/refund analyses
- Financial projections: With strong business backgrounds, we understand the impact of actuarial reserves and pricing on your bottom line. We can also help your investment manager construct a portfolio that minimizes interest rate risk while maximizing yields.
- Strategic planning
The IRMS Advantage
Our clients benefit from our customer-first approach and from the deep knowledge and experience of our actuaries. We’re focused on understanding our clients’ outlook and explaining our actuarial analyses clearly.
We provide:
- Personalized Service: We’re committed to understanding your history and vision for the future to develop a plan for you.
- Certified Actuarial Staff: Our leading consulting actuaries are fellows of both the Casualty Actuarial Society and Society of Actuaries—the highest level of achievement for an actuary. They’re also members of the American Academy of Actuaries.
- Specialized Expertise: We specialize in workers' compensation and medical malpractice and have expertise in virtually all lines of property and casualty insurance.
- Broad Experience: Our clients consist of insurance companies, association programs, self-insureds and offshore captives.
- Full Explanation of All Actuarial Methods: Actuarial analysis can be complicated. IRMS’ reports are known for their level of readability. We do not use jargon or fill our reports with complicated data.
- Competitive Rates: IRMS operates with very little overhead. Our rates are extremely competitive and we never charge to develop quotes.
Contact us to learn more about our IRMS Actuarial Services and how we can assist your organization.
Discover the Resources
IHA offers a comprehensive suite of business solutions to strengthen your bottom line. With unmatched customer service, our business lines include Human Capital Performance, COMPdata Informatics, Insurance Solutions and IPC Group Purchasing. We serve hospitals, health systems, non-acute providers and more. IRMS Actuarial Services has a nationwide reach and in any industry.
Learn MoreWhat's New
- Dec 03, 2024
- Insurance Solutions