Bickmore Actuarial

What Bickmore Actuarial does

Bickmore Actuarial (legally Prime Actuarial Consulting, LLC, doing business as Bickmore Actuarial) is a Sacramento, California-based property and casualty actuarial consulting firm founded in 1984 to address California's public-entity insurance crisis. The firm provides a single unified service offering, Property and Casualty Actuarial Services, delivered as a suite of analytical consulting components including reserve analyses and IBNR calculations, funding studies and cash flow projections, cost allocation and x-mod studies, target surplus analyses, feasibility studies for self-insurance and captive programs, benchmarking studies, self-insured retention analyses, and risk measurement indicators (dividend analyses, member equity studies, loss control ROI estimation).

The practice serves public entities (cities, counties, schools, special districts), risk pools and joint powers authorities, and private companies across more than 28 states, with a bench of 4 FCAS and 6 ACAS credentialed actuaries supported by 11 actuarial analysts and 2 administrative staff across offices in Sacramento, CA and Medford, OR. The Medford office originated from the 2011 acquisition of Rick E. Sherman and Associates. The firm produces roughly 1,000 actuarial reports per year and emphasizes translating complex analyses into board-ready language for risk pool trustees and public-entity management.

Revenue is generated through professional services fees on quote-based, multi-year engagements with no publicly disclosed pricing. Following the May 2014 acquisition by York Risk Services, the actuarial division was spun off in April 2019 to become Prime Actuarial Consulting, LLC, owned and operated by three principal actuaries, Mike Harrington (President, Managing Partner), Mark Priven, and Nina Gau, continuing to operate under the Bickmore Actuarial brand. Distribution is relationship-driven through direct enterprise sales and active participation in roughly 15 industry associations including CAS, AAA, PRIMA, PARMA, CAJPA, AGRIP, and RIMS.

Name

Bickmore Actuarial

Legal name

Bickmore

Website

https://bickmoreactuarial.net

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Bickmore Actuarial is a Sacramento-based property and casualty actuarial consulting firm serving public entities, risk pools, joint powers authorities, and private companies across more than 28 U.S. states with reserve analyses, funding studies, and feasibility studies delivered by a credentialed FCAS/ACAS bench.

Ownership category

akta.pro rank

Headquarters

HQ city

Sacramento

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Actuarial Consulting Services: Professional consulting fees for actuarial services including reserve analyses, funding studies, cost allocation studies, benchmarking, feasibility studies, and risk measurement analyses for public entities and private companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Bickmore Actuarial provides property and casualty actuarial consulting services to public entities, risk pools, joint powers authorities, and private companies. The firm delivers reserve analyses, funding studies, cost allocation and x-mod studies, target surplus analyses, feasibility studies for self-insurance and captive programs, benchmarking studies, self-insured retention studies, and risk measurement indicators. Services focus on workers' compensation, liability, medical malpractice, and property insurance programs.

Product overview

Bickmore Actuarial is a traditional actuarial consulting firm that provides a single unified service offering: Property and Casualty Actuarial Services. The service is delivered as a comprehensive suite of analytical consulting components including reserve analyses, funding studies, cost allocation studies, x-mod studies, target surplus analysis, feasibility studies for self-insurance and captive programs, benchmarking studies, self-insured retention studies, and various risk measurement indicators. The firm specializes in workers' compensation, liability, medical malpractice, and property insurance programs for public entities and private companies. Over the last 5 years, the company has produced over 5,000 actuarial reports for clients across more than 28 states.

Differentiator

Problem solved

Functional benefit

Products and services

• Property and Casualty Actuarial Services Core actuarial consulting service providing reserve analyses, funding studies, cost allocation studies, target surplus analysis, feasibility studies, benchmarking studies, self-insured retention studies, and other risk measurement indicators for workers' compensation, liability, medical malpractice, and property insurance programs serving public entities, risk pools, joint powers authorities, and private companies.

Quantifiable outcome

• Produced over 5,000 actuarial reports for various public agencies and private companies over the last 5 years
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Foster & Foster: Actuarial consulting firm serving public sector clients including municipalities, schools, and special districts — overlapping with Bickmore's public-entity specialization and reserve/funding study offerings.
• Pinnacle Actuarial Resources: Mid-sized actuarial consulting firm focused on public entity, risk pool, and insurance program work, with a similar client mix to Bickmore and direct overlap in reserve analyses, funding studies, and feasibility work.
• BBRM (Buckner, Bartelstein, Riseman & McKittrick): Actuarial and risk management consulting firm serving public entities, JPA pools, and insurance programs with a comparable service catalog (reserves, funding, cost allocation) and similar firm scale.
• Taylor & Murphy Actuarial: Independent actuarial firm providing P&C consulting including reserve analyses, funding studies, and self-insurance feasibility — directly comparable service mix to Bickmore in similar geographies.

Others

• York Risk Services Group: Former parent company of Bickmore Actuarial (acquired in 2014; spun off in 2019); provides risk management, claims administration, and pool management services that are highly adjacent to Bickmore's actuarial service line.

Broad incumbents

• Aon (Actuarial & Risk Consulting): Global professional services firm with a sizable actuarial and risk consulting practice; competes with Bickmore in public entity and risk pool RFPs through broader service breadth.
• Milliman: One of the largest global actuarial consulting firms with deep P&C expertise and broad service lines, competing with Bickmore for larger JPA and public entity engagements.
• Oliver Wyman Actuarial: Large global consulting firm with a substantial P&C actuarial practice serving insurers, reinsurers, and public entities — represents the broad-incumbent competitive threat with much deeper resources.
• Segal Group: Independent consulting firm with a public-sector focus including actuarial services for municipalities, schools, and JPAs — overlapping client base with Bickmore in retiree health and risk pool engagements.

Regional players

• Tindall & Foster (a Hause actuary group): Actuarial consulting practice operating in the property/casualty and public entity risk pool space, comparable in scale to Bickmore and competing in similar mid-market engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bickmore-actuarial

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Bickmore Actuarial