An Actuary Expert Witness and consultant has expertise in assessing the financial risks and costs based on numerous statistics.
This particular skillset can be applied to any industry, as all businesses and organizations involve a certain amount of financial risk.
This level of risk is calculated using a series of statistics, math, and financial theory.
Actuaries work with insurance companies to map out the details of a possible financial risk, which requires a strong background in various financial disciplines.
Actuary experts have vast experience in such areas as:
- Workers compensation
- Risk management
- Intellectual property
- SEC standards
- Regulatory procedures
This includes several types of insurance including the following:
- Property insurance
- Casualty insurance
- Self insurance
It’s important that the actuary expert witnesses be familiar with the business and financial concerns involved with whichever industry they are working with.
An actuary working with an auto insurance company, for example, should be familiar with the value of each car and the human factors of potential drivers.
If an actuary is working with a real estate company, he or she should be familiar with the location, type of home, and other relevant factors.
Risk management is a very complex area for any business, one that requires the expertise of a professional actuary.
In the event you are unable to locate a suitable Actuary Expert Witness for your case, ForensisGroup is a full-service Expert Witness Referral Company. We can connect you with the best and right Actuary Expert so you can focus on your case preparation and trial.
Trusted by more than 20,000 clients and serving 30,000 cases nationwide, our commitment to knowing each expert and what makes them perfect for your case will save you and your clients time and money while providing peace of mind.