Huggins Actuarial Services

What Huggins Actuarial Services does

Huggins Actuarial Services, LLC is a privately held, full-service actuarial and risk management consulting firm headquartered in Media, Pennsylvania, operating as a division of Lewis & Ellis Actuaries and Consultants. Tracing its lineage to Huggins & Company (founded 1911), the firm employs between 11 and 50 credentialed professionals delivering eleven core service lines spanning loss reserving, enterprise risk management (ERM), appointed actuary/statutory opinions, economic capital modeling (ECM), rate making and product development, predictive analytics, expert witness and litigation support, captive feasibility studies, warranty accruals, and insurance-linked securities (ILS) valuation.

The firm's technical stack combines traditional actuarial methods (Loss Development/Chain Ladder, Bornhuetter-Ferguson, Frequency/Severity, Berquist-Sherman, Cape Cod) with two proprietary methodologies — the Individual Claims Simulation Model (ICSM) for probabilistic claim-level reserving with customizable confidence intervals and TVaR metrics, and Economic Capital Modeling for pro forma financial statement generation across underwriting, catastrophe, reserve development, market, inflation, credit, and operational risk. Predictive analytics services apply data mining and machine learning to fraud detection, claims leakage, severity benchmarking, underwriting tiering, and pricing optimization.

Huggins generates revenue through project-based and retainer professional services engagements with insurers, reinsurers, healthcare systems, captives and risk retention groups, self-insureds, state insurance departments, brokers, law firms, auditors, and investment bankers. Pricing is contact-based with no publicly disclosed fee schedule; the firm markets "Big Four actuarial expertise at reasonable rates" and offers free initial consultations. Demand generation runs through thought leadership (active blog, industry articles), conference participation (NAIC, MAMAC), and direct enterprise outreach rather than paid advertising.

Name

Huggins Actuarial Services

Legal name

Huggins Actuarial Services, LLC.

Website

https://hugginsactuarial.com

Company type

Private

Founded year

1911

Operating status

Operating

Headcount range

11–50 employees

Short description

Huggins Actuarial Services, LLC is a Pennsylvania-based, privately held actuarial and risk management consulting firm serving insurers, reinsurers, healthcare systems, captives, self-insureds, and law firms with loss reserving, ERM, ECM, appointed actuary, predictive analytics, and expert witness services.

Ownership category

akta.pro rank

Product category

Actuarial Consulting Services

NAICS

Management Consulting Services (54161), Insurance Agencies and Brokerages (524210)

SIC

Services-Management Consulting Services (8742), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Life & Health Reinsurance Underwriting, Actuarial & Risk Analytics Services (FSAOAAAI)

akta.pro secondary industries

Reinsurance Claims, Accounting & Contract Administration (Broker Services) (FSAOAHAI), Medigap Rate Filing, Actuarial & Product Strategy Services (HLAEADAF)

Keywords

• Actuarial consulting
• Loss reserving
• Enterprise risk management
• Insurance consulting
• Rate making

Headquarters

HQ city

Media

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Actuarial Consulting Services: Professional services revenue generated through consulting engagements for loss reserving, enterprise risk management, appointed actuary services, economic capital modeling, rate making, predictive analytics, expert witness/litigation support, captive feasibility studies, warranty accruals, and insurance-linked securities valuation. Services are provided to insurers, reinsurers, captives, healthcare systems, self-insurers, law firms, and government agencies on a project or retainer basis.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Huggins Actuarial Services, LLC provides specialized actuarial consulting services to insurance, reinsurance, healthcare, and corporate clients. The firm delivers loss reserving, enterprise risk management, appointed actuary work, economic capital modeling, rate making, predictive analytics, litigation support, insurance-linked securities (ILS) modeling, captive feasibility studies, and warranty accrual analyses. Operating as a division of Lewis & Ellis Actuaries and Consultants, it serves carriers, self-insureds, captives, regulators, and law firms across the United States.

Product overview

Huggins Actuarial Services is a full-service actuarial consulting firm offering a comprehensive suite of professional services rather than a unified software product. The core offerings include Loss Reserving, Enterprise Risk Management (ERM), Appointed Actuary services, Economic Capital Modeling, Rate Making & Product Development, Predictive Analytics, Actuarial Forensic Litigation & Valuation Services, Individual Claims Simulation Model (ICSM), Captive Feasibility Studies, Warranty & Other Accruals, and Insurance-Linked Securities. These services are delivered by credentialed actuaries providing consulting engagements, with specialized proprietary methodologies like the ICSM for individual claims simulation. The firm operates as a traditional professional services consultancy without a SaaS platform, offering Big Four-level actuarial expertise at competitive rates.

Differentiator

Problem solved

Functional benefit

Products and services

• Loss Reserving Services
• Enterprise Risk Management (ERM)
• Appointed Actuary Services
• Economic Capital Modeling
• Rate Making and Predictive Analytics
• Litigation Support and Expert Witness
• Captive Feasibility Studies
• Warranty Accrual Analyses
• Insurance-Linked Securities (ILS) Modeling

Quantifiable outcome

• Over 600 loss reserve opinions issued to date
• +2 more outcomes

Named customers9 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Partnerships

One partnership is on record.

• Lewis & Ellis Actuaries and ConsultantscoreStrategic or Co-development PartnerHuggins Actuarial Services is a division of Lewis & Ellis Actuaries and Consultants. Lewis & Ellis is a full-service actuarial and consulting firm, and Huggins operates as a specialized division focused on property & casualty actuarial services, risk management, and related consulting.

Scale indicators4 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Milliman: One of the largest independent actuarial consulting firms globally, offering P&C loss reserving, economic capital modeling, predictive analytics, and ILS valuation. Comparable service portfolio with greater scale and broader geographic reach.
• Oliver Wyman: Global consulting firm with a deep actuarial practice serving P&C insurers, reinsurers, and healthcare systems. Competes for loss reserving, ERM, and economic capital work, but operates across a much broader strategic consulting portfolio.
• KPMG (Actuarial Services): Big Four actuarial practice providing loss reserving, audit support, ERM, and predictive analytics to insurers and audit clients. Multiple Huggins personnel previously served at KPMG, indicating direct talent and client overlap.
• Deloitte (Actuarial & Insurance Solutions): Big Four firm offering reserve opinions, ERM, predictive analytics, and insurance M&A advisory. Competes head-to-head with Huggins for appointed actuary engagements, leveraging a much broader consulting platform.
• Willis Towers Watson (WTW): Global insurance and reinsurance advisory firm with significant actuarial consulting capabilities. Comparable in offering loss reserving, rate filings, and reinsurance program structuring as part of a much larger risk and broking platform.

Direct peers

• Wakely Actuarial Consulting: Independent actuarial consulting firm focused on health, life, and P&C insurers. Offers analogous loss reserving, predictive modeling, and product development services to a similar buyer base.
• Merlinos & Associates: Specialized property/casualty actuarial consulting firm serving insurers, reinsurers, captives, and self-insureds. Direct comparable in scope of P&C services and client segment focus.
• Perr&Knight: Independent actuarial and insurance consulting firm offering rate making, reserving, product development, and statistical services to P&C insurers and regulators. Closely comparable mid-sized peer.
• Lewis & Ellis Actuaries and Consultants: Parent organization of Huggins Actuarial Services; provides a full suite of actuarial and consulting services across P&C and employee benefits. Direct sister/parent peer given shared service lines and operating model.
• Pinnacle Actuarial Resources: Mid-sized actuarial consulting firm specializing in P&C insurance, self-insureds, and captive insurers. Closely comparable client segments (insurers, captives, RRGs) and service offering (loss reserving, rate making, ERM).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pg/Huggins-Actuarial-Services-Inc-118254938271824/about/?ref=page_internal
• LinkedInlinkedin.com/company/2307344?trk=tyah&trkInfo=clickedVertical%3Acompany%2CclickedEntityId%3A2307344%2Cidx%3A2-3-11%2CtarId%3A1481834496520%2Ctas%3Ahuggins%20

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Huggins Actuarial Services