As the California Earthquake Authority continues its strategic planning process, its most recent step was to select Paratus Consulting, a newly founded San Francisco-based consultancy, as its financial modeler. Paratus will help the CEA assess its reinsurance and other risk financing arrangements, as well as devising strategies to ensure the viability of CEA after a major catastrophe.
The consultancy will apply Dynamic Financial Analysis techniques to facilitate the process. DFA is “a strong management tool and will be an important part of the CEA’s strategic planning process,” according to CEA CEO David Knowles. “We owe it to our policyholders to use the best technology available to make the right decisions and prepare for the future.” Paratus Consulting is jointly owned by the U.S. consulting actuaries Miller Herbers Lehmann and their U.K. associates, English Matthews Brockman.
Was this article valuable?
Here are more articles you may enjoy.
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
