Risk is our business; it shouldn’t be yours. Click here to request a free consultation today!
  • We got your blindside

    In today's insurance and financial landscape, risk can come from anywhere. Precision Actuarial helps clients identify, classify, and manage those risks with precision and accuracy.

  • We specialize in tough

    We help clients solve the world’s most critical and complex problems in Healthcare, Insurance, Retirement, and other areas where financial and emerging risks continue to evolve.

  • We're in thepeople business

    Our staff has more than 50 years of experience building client relationships. We have a proven track record of providing multi-dimensional solutions with a human touch and personalized approach.

Precision Actuarial Inc.

How we manage risk

Thorough Approach

Rather than offer a canned approach, we tailor our services to meet each client’s unique needs, enabling us to deliver solutions that are targeted, effective, and sustainable long-term.

Deep Insight

We analyze drivers of risk across a wide range of insurance and financial landscapes to help clients make intelligent data-driven decisions that improve lives and financial security.

Strong Work Ethic

Our goal is client satisfaction, and everything that we do begins and ends with you. We operate on the highest set of ethics and principles that govern our culture and values.

0 +

Years of providing actuarial services

We serve government entities, insurers, employers, self-insurers, reinsurers, brokers, MGAs, investors, and Corporate America.

Precision Actuarial isn’t just in the consulting business, we are in the people business and our relationships matter. That’s why we make each of our clients feel like our only client; we do this by providing a dedicated account manager to your business that is directly available to offer any assistance needed. Risk is our business, it shouldn’t be yours.

WHAT WE DO

Finding root causes and solutions

At Precision Actuarial we believe that to address any problem in an effective and lasting way, we must carefully identify its root causes and clearly describe the preferred state of resolution. We evaluate background context and empirical information before diagnosing the problem and prescribing a solution. Rather than always forcing clients into a canned solution, we use the breadth of our actuarial knowledge, our solid grasp of the analytical frameworks inherent in today’s market, and the depth of our technical skills to ensure each client’s unique problem is identified correctly and solved.

WHAT WE OFFER

Focusing on results

Precision Actuarial brings to each client relationship a focus on results, working collaboratively to deliver value and taking ownership of client problems and their resolution. We tailor our approach to the client’s needs and have a well-established track record of providing successful customized solutions. For our clients, we become a dependable resource for meeting their ongoing specialized analytical needs, and we pride ourselves on maintaining long-standing client relationships.

Actuarial Services Overview

Our areas of expertise

We analyze and project financial outcomes across a wide range of insurance and financial landscapes to help mitigate risk and contain costs for multiple parties within these disciplines. We also help clients with regulatory issues and compliance.

Healthcare

Pension

Expert Witness

Healthcare

Pension

Expert Witness

What is an actuary?

Actuaries analyze the potential cost of uncertainty, mostly to mitigate risk and minimize loss. Using statistical and mathematical models, they predict and quantify outcomes for insurance companies, financial institutions, and many other entities. Among other benefits, Actuaries help to determine rates, capital requirements, reserves to pay claim obligations, cash flow projections, return on investment, and actuarial certification of reserves.

Our Actuarial Designations

Actuaries undertake rigorous study and testing to become credentialed.  Each team member of Precision Actuarial Inc. holds one or more of the advanced industry designations as follows:

Our team of

Experienced Actuaries

All of our team members have experience working for nationally recognized employers in health and pensions in addition to major fortune 100 international consulting firms. We offer the skills and technical abilities of large actuarial firms with the personal service of a smaller firm. This allows us to provide quality, timely, and highly personalized service and expertise, skills, and technologies that would otherwise not be available to our clients.

Connect with a team member, read their bio, or download their résumé to the right.

Roger Burton FSA, MAAA, FCA

President & Chief Actuary

E. Scott Lanham FSA, EA, MAAA

Senior Actuarial Consultant

Roger Burton FSA, MAAA, FCA

President & Chief Actuary

E. Scott Lanham FSA, EA, MAAA

Senior Actuarial Consultant

Our Company Values

The following are not just a list of core values we hold, but are how we demonstrate our principals, mission and vision to each other, our clients and the community at large.  

Plan Termination

When it’s time to terminate your plan, you can trust us to help you take the necessary action, which is, no doubt, a complicated process. As actuaries, we assist with the entire process of winding-up the operation of a plan to submitting required IRS and PBGC paperwork and finally distributing the plan’s assets.  These services include:

Plan Documentation

We reduce the administrative burden and financial risk of the required plan document and related forms for your retirement plan(s). As actuaries, we ensure you are compliant, while streamlining the process. Our plan documentation services include:

  • Drafting proposed language for individually designed plans and client-requested changes to plan documentation
  • Plan Document and Administrative Policies
  • Summary Plan Description
  • Ancillary Beneficiary Forms
  • Salary Deferral Agreement, if applicable
  • 401(k) Safe Harbor Notice, if applicable
  • Participant Loan Policy, if applicable
  • Consultation with the client’s attorney to assist in plan preparation.

Plan Design

We make sure your retirement plan fits the diverse needs of your employees, while also meeting company goals and objectives. As actuaries, we walk you through the entire plan sponsor process, from plan design and choosing the right investment options to plan administration and more. 

Retiree Valuations

Let us handle it for you! As actuaries, we have a thorough understanding of FASB and GASB standards and will do the hard work for you.  We provide actuarial accounting, funding, and financial reporting valuations and guidance for employers who sponsor pension and other post-employment benefit (OPEB) plans.

Experience Reporting

Make intelligent data-driven decisions and optimize every aspect of your benefit plans. We utilize powerful visualization tools to deliver insights how and when you want them!

Government Programs

We have extensive experience in the Public & Government Health sphere with programs such as  Medicare, Medicaid, and the ACA-Exchange Marketplace.  As actuaries we routinely analyze the impact of legislative mandates, as well as proposed legislation, and offer unbiased solutions to plan sponsors, regulators, and other governmental decision makers regarding state and federal health programs.  This includes:

Self-Funded Health Plans

Let us help you save time and money. As experienced healthcare actuaries, we provide insights to minimize financial risk, ensuring informed decisions that are aligned with your goals and budget. We help you determine your best options for self-funding your employee health benefits through the following services: 

Enrolled Actuary

Enrolled Actuaries (EA) are professionals that play a crucial role in the pension industry, working closely with both private and public sector employers to ensure that pension plans are sustainable and can provide adequate retirement benefits for plan participants. They undergo rigorous education and training, typically earning a degree in mathematics, statistics, or actuarial science, and then passing a series of rigorous exams to become certified.

E. Scott Lanham, FSA, EA, MAAASenior Actuarial Consultant

Scott has over 20 years of experience on pension and health valuations. Prior to joining Healthcare Actuaries and leading health and pension valuations in November of 2018, Scott worked at Towers, Mercer, Buck, and Stanley Benefit Services on pension valuations and other projects.

Roger Burton, FSA, MAAA, FCAManaging Actuary & Consultant

Roger Burton brings over two decades of experience as a health actuary. His prior experience includes rating, reserving, data reporting, and product development at Premera.  Most recently, Roger left his position as a consultant at Mercer Human Resource Consulting as part of the Boeing team, where he worked closely with Boeing to provide actuarial support on many projects.  Roger is involved in current research to improve the actuarial profession and recently presented at the annual meeting of the Society of Actuaries.  He is a licensed broker in the states of Washington and Oregon.  Roger graduated from Yale University with a degree in Applied Mathematics.  Roger is available weekdays during normal business hours and at other times on an as-needed basis.

MAAA – Member of the American Academy of Actuaries

The American Academy of Actuaries is a prestigious organization that represents all actuarial practices (health, life, pension and property casualty) in the US.   It sets for the qualification, practice, and professionalism standards for actuaries credentialed by one or more of the five U.S.-based actuarial organizations in the United States.  Membership requires that among other things, one must be an Associate or Fellow in the Society of Actuaries in good standing.

 

FCA Fellow Consulting Actuaries Designation

A Fellow of the Consulting Actuaries is a prestigious designation and title given to actuaries who are substantially engaged in a consulting actuarial practice and have met the following additional requirements:

1)  Have completed six years of experience in responsible actuarial work, three of which are in actuarial consulting, and attained the designation of ASA (Associate of the Society of Actuaries), or ACAS (Associate of the Casualty Actuarial Society), or EA (Enrolled Actuary), or MAAA (Member of the American Academy of Actuaries), or MSPA (Member of the American Society of Pension Professionals and Actuaries) or the equivalent designation for any international actuarial organization accepted by the Board of Directors of the Conference;

2)  Have been an active member in the Conference for a period of three consecutive years after attainment of the Associate membership designation, be in good standing, and practicing as a consultant; or

3)  Have attained the designation of FSA (Fellow of the Society of Actuaries), FCAS (Fellow of the Casualty Actuarial Society), or FSPA (Fellow of the American Society of Pension Professionals and Actuaries), or the equivalent designation for any international actuarial organization accepted by the Board of Directors of the Conference.

Additionally, applicants must meet such other qualifications and requirements as may be required from time to time by the Board of Directors.

FSA & ASA Designations – Fellow OR Associate of the Society of Actuaries

The Society of Actuaries is one of the most highly regarded professional organizations in nation serving the actuarial profession.  The Society has three main purposes; providing primary and continuing education for students and practicing actuaries, maintaining high professional standards for actuaries, and conducting research on actuarial trends and public policy issues.  To become an Associate or Fellow, one must satisfy a wide range of educational requirements and pass a set of comprehensive exams.