Atlanta, Georgia, April 1, 2026 – Omobonus Risk Consulting Services (Canada), Inc., an affiliate of Risk Consulting Services, Inc. (referred to jointly as “RCS”), an independent actuarial and risk consulting company, declared today that it is now offering actuarial consulting services and assistance to Provincial regulators and public stakeholders within the automotive insurance industry.

These specialized regulatory consulting services introduce independent scrutiny to the examination of auto liability rate filings, as well as trend and reform analyses. The firm, by integrating actuarial accuracy with comprehensive knowledge of regulatory structures, assists in guaranteeing that insurance premiums are equitable for consumers, sufficient to maintain insurers’ long-term financial stability, and clear in their foundational assumptions.

This initiative contributes to a robust insurance market where:

• Consumers can be confident that insurance providers possess the financial capacity to fulfill claims
• Premiums are justifiable, clear, and fair
• Regulatory determinations are guided by precise, data-backed information

RCS’s efforts in performing semi-annual benchmarking assessments aid regulatory authorities and insurance companies in crafting robust, superior filings that withstand regulatory examination—thereby shortening review periods and facilitating a more streamlined deployment of compliant rate requests.

RCS deploys a distinctively skilled team for this undertaking, possessing profound experience in assisting Canadian regulators, comprehensive insight into Canada’s automobile insurance markets, and an established professional rapport with its new clientele. Previously associated with Oliver Wyman Limited, the expertise of the firm’s new team members encompasses various markets, products, coverages, data origins, and pricing strategies—complemented by a dedication to articulating intricate actuarial conclusions with clarity and transparency.

Adam Lewis, President of RCS and a former Partner with Oliver Wyman Actuarial Consulting, stated, “We are enthusiastic about commencing the delivery of prompt and superior actuarial consulting services to our new clients, a transition that has been in development for more than nine months.” He added, “Our team possesses a long-standing history of collaboration with our new clients and offers extensive proficiency in scrutinizing automobile insurance rate filings, issuing rate and trend advisory directives, and evaluating the repercussions of regulatory changes. We recognize the criticality of adhering to regulatory schedules while furnishing meticulous, transparent analysis—and we are well-prepared to accommodate our clients’ evolving requirements going forward.

We also anticipate partnering with insurance providers to foster fair results for the advantage of all Canadians.

Lastly, we wish to express our gratitude to Oliver Wyman Actuarial Consulting and Oliver Wyman Limited for the collaboration that facilitated this endeavor.”

Meet the Leadership Team

Felix Chan, FCIA, FCAS
Senior Manager, RCS (Toronto, ON)
Felix holds the position of RCS’s Canadian Regulatory leader, overseeing all actuarial services provided to its Canadian regulatory clientele. He contributes profound expertise in Canadian automobile ratemaking, including previous tenure as Director of Actuarial Pricing at a leading Canadian Property & Casualty insurer. Felix is also recognized as a Fellow of the Canadian Institute of Actuaries and a Fellow of the Casualty Actuarial Society. 

Rajesh (“Raj”) Sahasrabuddhe, FCIA, FCAS, MAAA
Subcontracting Consultant, RCS (Philadelphia, PA)
Raj offers technical cooperation and peer assessment across all project outputs. With considerable experience assisting Canadian regulators, he focuses on automobile rate filings and the analysis of reform impacts, including providing expert witness testimony. Raj is a Fellow of the Canadian Institute of Actuaries (FCIA), a Fellow of the Casualty Actuarial Society (FCAS), and a Member of the American Academy of Actuaries (MAAA).

Adam Lewis, FCAS, MAAA
President, RCS (Atlanta, GA)
Adam functions as a Principal Consultant, delivering peer review, strategic direction, and regulatory consulting proficiency. Before acquiring RCS, Adam dedicated over ten years to one of the foremost global insurance and risk management intermediaries, where he progressed to the role of Partner. He possesses dual degrees in Mathematics and Economics from Mercer University and is a Fellow of the Casualty Actuarial Society. 

Risk Consulting Services, Inc. operates as an independent actuarial and consulting enterprise, delivering reliable, specialized services to regulatory agencies, self-insured businesses, non-profit organizations, captive insurance providers, municipal governments, public sector entities, educational districts, healthcare facilities, self-insured collectives, group self-insurance pools, US-based insurance companies, risk retention groups, joint insurance funds (JIFs), and various pools throughout the United States and Canada.

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