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NO PROBLEM IS TOO BIG OR COMPLEX

We are obsessed with solving the friction-causing, headache-inducing, project-stalling problems that come up when you are trying to innovate. They’re complicated and difficult to address without thinking outside of the box. That’s where we come in.

Here is how we can help

We like rolling up our sleeves and getting dirty. That means building and implementing custom solutions to your biggest problems.

  • Actuarial Consulting
  • New Product Design and Development
  • Technology Consulting
  • Software Development
  • Sales Illustrations and Financial Projections
  • Go-To-Market Support
  • Marketing and Sales Consulting
  • Administrative Support

Projects We’ve Managed

CARRIERS

  • Designed and priced patented term life insurance product with innovative accelerated issue/underwriting provisions.
  • Developed solutions to remediate administrative and regulatory problems with closed blocks of complex life insurance products from the 1980’s-1990’s.
  • Helped a carrier develop a new UL administrative system and convert and test block of over a dozen plans and 100,000 policies in force.
  • Re-designed a more efficient and more accurate process for variable historical performance return reports. Saved carrier over hundreds of thousands of internal administrative costs for 15+ years.
  • Helped several companies with post-issue illustration and illustration actuary requirements.
  • Designed, priced, and filed a full portfolio of life insurance products and required forms for a company that up that point never sold life insurance.
  • Reverse-engineered 3-factor dividend formulae for closed block of participating policies so that company could revise dividend scales.
  • Designed administrative workarounds for 7702/7702A processing, compensation systems, and new product issues.

DISTRIBUTORS

  • Work with a brokerage life insurance organization developing prototype products to bring to carriers.
  • Worked with a major worksite marketing organization to bring innovative/patented worksite products to market.
  • Worked with several large direct marketing organizations to develop and negotiate universal multi-carrier insurance applications to simplify their sales process.
  • Helped administration company develop post-issue sales illustration capabilities for their clients.

INSURTECH

  • Helped several Insurtech distribution start-ups navigate negotiations with insurance carriers.
  • Helped Insurtech underwriting vendor model the financial benefits of their offerings.
  • Helped innovative Insurtech company evaluate unique short term insurance products.
  • Participated in Society of Actuaries mentoring program for Insurtech startups.
  • Helped evaluate business and products for a potential company acquisition.
  • Helped a founder who developed financial modeling for non-insurance online marketing incentives program thru IPO.
  • Managed software development and insurance operations for middle market RIA financial planning firm.

The Team

Chuck-Ritzke
Chuck Ritzke, FSA, MAAA
Founder

Chuck has over 40 years of actuarial experience working in life insurance. His work has focused on product development, marketing, software development, actuarial consulting, and general problem-solving for insurance organizations. Prior to founding Problem Solving Enterprises in 1995, Chuck held various actuarial, marketing, and administration management roles at Zurich Life and Bankers Life and Casualty.

Chuck is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries and he is actively involved in committee work. Chuck is also currently on the Board of Directors of the Intercompany Marketing Group (ICMG).

Chuck attended Rockford College (B.S. Math), LSU (Math Grad Work), and University of Illinois (M.S. Math).

Doug Robbins, FSA
Consulting Actuary
Heidi Zona, ASA
Consulting Actuary
Barb Ritzke
New Business and Client Relations
Deb Howver
Compliance Analyst
Kim Schuring
Business Administration

The results speak for themselves

“Chuck is one of the most creative and brilliant life insurance product minds in our industry. At Fidelity Life, we’ve worked with Chuck and his team for almost two decades, and he was instrumental in helping us conceive and develop both of our industry leading products. Just as important as the output he delivers, the process of working with Chuck is always such a pleasure. It’s working with friend.”

- Jim Harkensee, Fidelity Life

"Some projects require an actuarial perspective. Some require a financial perspective. All projects require someone with a deep understanding of the strategic goals of the project. A creative problem solver. Someone who can think outside of the box. Someone making sure the project is going to be profitable. Chuck Ritzke checks all of these boxes and more."

- Ron Butkiewicz, Life Co CEO (retired)

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