Actuaria Insurance Services

Drug assurance programs are an emerging commercial strategy used by drug companies to stand behind their products and reduce significant barriers to payer and patient access. The goal of these programs is to provide payers with financial recourse if a drug does not meet a prespecified endpoint, ensure outcomes, and reduce the financial risk associated with the payer’s decision to cover and authorize a high-cost therapy. True drug assurance programs utilize a combination of insurance vehicles and innovative payment plans to address payer challenges, and may be applied to many specialty, gene and cell therapies.

The design and implementation of impactful drug assurance programs requires a sophisticated program manager with expertise in therapeutic underwriting, specialty insurance mechanisms, and clinical protocols. For example, the execution of a drug warranty requires a complex mix of capabilities encompassing healthcare payment, warranty administration, claim adjudication, and insurance product management.

Actuaria Insurance Services LLC is a licensed insurance agency wholly owned by Octaviant Financial specializing in providing drug assurance program administration services to pharmaceutical firms and insurance carriers.

As a drug assurance program manager, Actuaria is uniquely qualified to implement and operate drug warranties to the exacting legal, accounting, and regulatory requirements of the drug industry and payer ecosystem. Our experienced colleagues and exceptional partners can operate an entire program and underwrite the appropriate insurance vehicles to realize the solutions envisioned by our life science clients. Using an integrated platform approach in concert with our affiliate Octaviant Financial, all analytic, risk management, and service elements are precisely structured for our clients to fully support their clinical assurance programs.