Carlson, Quinn & Associates

• Founded in 1994
• Professional staff of 20 includes consultants, lawyers and actuaries with many years of experience
• Provides clients with consulting, administrative & actuarial services, and legal compliance on their company benefit programs
• Clients include for-profit, non-profit and publicly-traded companies, from 1-person sole proprietorship to companies with hundreds and thousands of employees
• Clients are in a broad range of industries, including medical, law firms, retailers, foundations, construction and real estate

What is an Actuary?

• A certified professional skilled in using mathematical models to manage financial risks
• Trained and experienced in conducting financial projections and analyses
• Works for consulting firms, insurance companies, government entities, corporations

Overview of Study

• Objective – Estimate manor turnover rate over the next 20 years
• Approach – Actuarial Science
• Data Used
• Assumptions for future experience

Approach to Study

Actuarial Science Approach

• Analyze resident data
• Review past turnover in manors
• Develop reasonable assumptions
• Build mathematical models that use statistical probabilities to forecast outcome
• Review preliminary results
• Fine-tune assumptions
• Finalize resultsData Used

Data Used

• Current resident demographics
• Historical turnover rates