Risk Strategies has acquired property and casualty actuarial consulting firm Centric Actuarial Solutions.
Centric consults clients in a wide variety of industries to help understand and assess their cost of risk, with a focus on organisations employing alternative risk programs and approaches.
Its clients include governmental entities, retail and restaurant businesses, self-insured organisations including corporations and trusts, healthcare organisations, regional insurance companies and private equity firms, among others.
This acquisition marks Risk Strategies’ second actuarial services firm buy, following the 2019 purchase of employee benefits analysis specialist United Health Actuarial Services.
John Scroope, Risk Strategies’ National Director of Retail Operations commented: “Risk Strategies knows specialty knowledge is vital to client success.
“As our clients’ operations and risks become more complicated, having seamless access to Centric’s specialised actuarial capabilities will present them with meaningful insights that create new possibilities, deepening our value and partnership.”
Dustin Gary, Centric’s founder, added: “Effectively understanding risks and their potential costs in today’s hyper-connected world requires specialised expertise.
“That focus on specialisation has made Centric successful, and it’s what makes our organisation a great fit for Risk Strategies and its specialist approach to risk.”