Business Details
50+ Years
experience
Independent Insurance Consulting Services Maryland
Founded over 75 years ago, Insurance Buyers Council has established itself as a trusted independent consulting firm specializing in insurance advisory services. Our team of seasoned professionals works closely with clients to navigate the complexities of risk management, offering tailored solutions in property and liability consulting, employee benefits programs, and actuarial analysis. We maintain strict independence by selling no insurance products, ensuring unbiased recommendations focused solely on client needs. Our expertise extends to pooling and group insurance strategies that leverage economies of scale for cost-effective risk management. With deep experience in self-insurance feasibility studies and alternative risk financing, we help organizations optimize their insurance structures.Our actuarial consulting division provides sophisticated analysis of loss reserving, ratemaking, and risk transfer mechanisms. Committed to client advocacy, we deliver comprehensive services including policy analysis, program design, and competitive proposal supervision. Our multidisciplinary approach integrates risk management audits with financial solvency assessments to create robust insurance frameworks. The firm's longevity and consistent focus on client interests have cemented its reputation as a leader in independent insurance consulting.
Services
Property & Liability Consulting
Employee Benefits Consulting
Pooling & Group Insurance
Actuarial Consulting
Risk Management Audits
Details
- Year established: 1948
Highlights and features
- 75+ years of independent insurance consulting experience
- No insurance sales ensures unbiased recommendations
- Team holds 20+ industry certifications including CPCU, ARM, FCAS
- Specialized expertise in self-insurance and pooling strategies
- Comprehensive actuarial analysis capabilities
Services
Property & Liability Consulting
Our property and liability consulting services help organizations assess and mitigate business risks through comprehensive audits and tailored insurance programs. We analyze existing coverage, identify gaps, and develop strategies to protect assets while optimizing costs. Our experts provide ongoing support for policy renewals and claims management.
Employee Benefits Consulting
We design comprehensive employee benefits programs that balance employer costs with employee needs. Our services include plan audits, vendor selection, compliance support, and communication strategies to maximize program effectiveness. We specialize in self-insured arrangements and pharmacy benefit analysis.
Pooling & Group Insurance
Our pooling expertise helps organizations create cost-effective insurance solutions through collective purchasing power. We assist with program design, regulatory compliance, and financial solvency analysis to establish sustainable group insurance arrangements that leverage economies of scale.
Actuarial Consulting
Our certified actuaries provide sophisticated analysis of insurance risks through loss reserving, ratemaking, and financial modeling. We help clients understand risk exposures, determine appropriate funding levels, and develop data-driven strategies for long-term financial stability.
Risk Management Audits
We conduct thorough assessments of existing risk management programs to identify vulnerabilities and improve efficiency. Our audits evaluate insurance policies, contractual liabilities, and claims processes to ensure comprehensive protection aligned with organizational objectives.
People
Christopher J. Franki
President & Principal Consultant
With CPCU and ARM designations, Chris leads our consulting practice with 25+ years of experience in risk management and insurance strategy for commercial clients across multiple industries.
Fredric W. Schultz
Chairman Emeritus
As founding partner, Ric established our client-first philosophy. His 40+ years of expertise in insurance consulting continues to guide strategic initiatives and complex client engagements.
Stephen J. Fallon
Vice President
Steve directs our employee benefits practice with specialized knowledge in self-insured plans and pharmacy benefit management. He holds multiple industry certifications including CPCU and ARM.
Andrew E. Kudera
Consulting Actuary
Andy, a Fellow of the Casualty Actuarial Society, brings 20+ years of experience in actuarial analysis, specializing in loss reserving and risk transfer strategies for commercial insurers.
Jaclyn Davies
Senior Consultant
Jaclyn provides expert risk management solutions with dual CPCU and ARM certifications. Her 15+ years of experience includes complex insurance program design for mid-sized enterprises.
Questions
What makes your consulting firm different from insurance brokers?
We don't sell insurance products, allowing unbiased recommendations focused solely on client needs through independent analysis and consulting expertise.
Do you work with businesses of all sizes?
We serve organizations from mid-sized companies to large associations, tailoring solutions to each client's specific risk profile and business objectives.
What geographic areas do you serve?
While based in Maryland, we provide consulting services nationwide through both on-site and virtual engagement options for clients across the US.
How do you handle complex insurance program designs?
Our team combines actuarial analysis, risk management audits, and market expertise to create customized programs that address specific organizational needs and regulatory requirements.
What employee benefits consulting services do you offer?
We provide complete benefits consulting including plan design, vendor selection, compliance support, self-insurance feasibility studies, and pharmacy benefit analysis.
Can you help with insurance claims disputes?
Yes, our team offers claim review and monitoring services, including expert testimony and litigation support for complex insurance-related disputes.
