At Bealer Consulting, we provide actuarial consulting services for public and private organizations
Captives and Rent-a-Captives:
Risk Retention Groups (USA):
Self-Insured Retentions (Liability):
Mutual Insurance Companies:
Self-Insured Workers Compensation (USA):
Don Bealer is the founder and chief actuary of Bealer Consulting. He is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, and a member of the Casualty Actuaries of the Mid-Atlantic Region. Don graduated with honors from Rutgers University with a Bachelor of Arts degree in Applied Mathematics. He has more than thirty (30) years of experience in the insurance industry.
Since forming Bealer Consulting during 1993, Don has been involved in a wide variety of projects. He has represented private clients for pricing, reserving, reinsurance, and expert witness testimony. His clients have included numerous disciplines such as insurance companies, governmental agencies, self-insurers, brokers, accounting firms, attorneys, and hospitals. Don has prepared and reviewed numerous rate filings in recent years (primarily for non-standard personal autos, classic cars, and motorcycles). He also has worked extensively with self-insured plans that include Workers’ Compensation and other commercial coverages. He has reviewed several companies that use MGA’s to generate business, including comparisons of their development factors with industry norms. Don has been approved in multiple states for providing services for captive insurers and he attends monthly captive webinars. He also has attended various ERM and ORSA seminars and webinars.
His company has represented six (6) state regulatory agencies (Delaware, District of Columbia, New Jersey, New York, Pennsylvania, and Vermont) in reserving, pricing, and market conduct matters. These assignments included reserving projects for one of the largest reinsurers in the world, for a company in voluntary runoff, and for some alternative market mechanisms (e.g. RRG’s). He has prepared expert witness testimony regarding rate filings from several companies. Don also participated in a market conduct exam and reviewed several others.
Prior to forming Bealer Consulting, Don worked for a major regulatory consulting firm, representing five (5) state regulatory agencies. Reserving duties included analyses of a varied selection of companies for all lines of business. The types of companies included start-up companies, primary insurers, specialty carriers, and reinsurers. He was also retained as an expert witness in numerous rate related cases, including two jurisdictions that underwent massive no-fault law revisions. His reinsurance background included contract interpretations, risk transfer opinions, and commutation agreements.
His initial consulting experience was developed at a Big Four Accounting Firm, where he represented numerous private and government clients in such areas as reserving, pricing, reinsurance, and funding for self-insured plans and risk retention groups. Don worked extensively with some of the more difficult coverages such as Workers’ Compensation, Liquor Liability, and Medical Malpractice. He represented numerous hospitals in establishing tail coverage reserves in accordance with SOP 87-1. Don also prepared rate filings in response to Proposition 103 in California.
Prior to entering the consulting field in 1987, Don served fifteen years as the personal lines manager for a large multiple line insurance company. His responsibilities included pricing, reserving, product development, rate filings, and excess profit filings.