ReAct Consulting International, a provider of consulting services including life, accident & health actuarial and underwriting, has outsourced actuarial processing services to Caliber Point Business Solutions, a BPO service provider and a Hexaware Technologies subsidiary.
As a part of this collaboration, React and Axiom Actuarial Consulting (a sister concern of ReAct), will provide the subject matter expertise, consulting services and front-end client management. Caliber Point will provide the service delivery model, utilizing their proficiency in business process outsourcing.
Some of the services available through this partnership include reserving and valuation, experience monitoring and analysis, pricing, model development and maintenance, financial reporting support and data management.
Michael Kemp, Founder of ReAct Consulting, said: “Providing high quality actuarial process outsourcing through a cost effective delivery model allows risk taking organizations to redeploy valuable actuarial resources to strategic tasks.