The complexity and potential cost of litigation or arbitration concerning life insurance products requires a strong actuarial firm to support your legal team. With proposed settlements often topping $100 million, it’s imperative to choose the right one.
Supporting life insurance clients and their law firms
WTW’s industry experts work directly with life insurers and external law firms in a number of ways:
- Act as expert witnesses
- Provide support for independent expert witnesses
- Analyze and present complex actuarial concepts and industry practices for legal teams
- Build actuarial models to support defense arguments
- Assess plaintiff damage theories and calculations
- Develop alternative settlement options
- Consult in advance on actuarial work subject to litigation risk
We have provided actuarial support in a variety of matters, including the following:
- Cost of Insurance (COI) lawsuits for Universal Life (UL) and Variable Universal Life (VUL) products
- Illustration matters for Fixed Indexed Annuity (FIA) products
- Yearly Renewable Term (YRT) rate increase disputes between life insurers and reinsurers
- Rehabilitation of an insolvent counterparty
- Alter-Ego allegations against a holding company
- Disputes regarding deal assumptions following block reinsurance transactions
- Life insurance company professional liability policy claim allocation disputes
- High net worth individual lapse or claim disputes
WTW experts are closely monitoring and ready to assist in emerging areas of litigation such as pension risk transfer and Term grace period matters.
Practical actuarial insight for complex insurance disputes
From delivering independent actuarial support to exploring alternative settlement options to providing expert witness testimony and more, we’re equipped to help you navigate the challenges of life insurance litigation and arbitration.
