SAA's Project Services: Summary of Deliverables

In addition to providing our complete suite of services to Partner Clients, SAA offers its investment consulting services on a project-basis to insurers and risk pools.

SAA can individually provide the following services to insurers and risk pools:

Asset Allocation Analysis

SAA reviews the impact of different allocations and models various asset class combinations that are tied to the overall insurance business

Investment Policy Review

SAA reviews the organization’s investment policy to ensure it encompasses the ‘best practices’ and provides protection from problems experienced by others in the industry

Peer Group Analysis

SAA conducts a peer group analysis to compare your insurer or risk pools’ portfolio composition and structure to similar organizations. This helps develop optional strategies for consideration

Manager Search & Evaluation

SAA will help select and evaluate the firms managing your company’s fixed income and risk asset portfolios

Portfolio Monitoring

SAA monitors your portfolio beyond performance and reviews compliance, OTTI impairment, stress tests, etc.

Performance Measurement

SAA will review your portfolio from the perspective of required income, benchmarks, risk-adjustments, and after taxes/fees

Governance Review

SAA conducts a ‘Wellness check’ of investment process to ensure that the existing structure and process is appropriate for your company’s goals and objectives.

Board Education

SAA will conduct educational sessions reviewing new asset classes, basic concepts, etc. SAA can also conduct case study sessions based on our firm’s experiences

SWOT Analysis

Looking at the strengths, weaknesses, opportunities and threats of the investment program, SAA develops of a blueprint for how and where to improve the investment process

Custodial Search Assistance

Though SAA does not provide complete Custody or Treasury Management Vendor search services, we do assist clients in the development of RFPs and evaluation metrics.

Rating Agency Consulting

SAA will assist and prepare your insurer for any investment-related inquiries prompted by rating agencies.

Portfolio Credit Review

SAA will assess the distribution of potential credit losses in the portfolio.

Asset Allocation Analysis

SAA reviews the impact of different allocations and models various asset class combinations that are tied to the overall insurance business

Investment Policy Review

SAA reviews the organization’s investment policy to ensure it encompasses the ‘best practices’ and provides protection from problems experienced by others in the industry

Peer Group Analysis

SAA conducts a peer group analysis to compare your insurer or risk pools’ portfolio composition and structure to similar organizations. This helps develop optional strategies for consideration

Manager Search & Evaluation

SAA will help select and evaluate the firms managing your company’s fixed income and risk asset portfolios

Portfolio Monitoring

SAA monitors your portfolio beyond performance and reviews compliance, OTTI impairment, stress tests, etc.

Performance Measurement

SAA will review your portfolio from the perspective of required income, benchmarks, risk-adjustments, and after taxes/fees

Governance Review

SAA conducts a ‘Wellness check’ of investment process to ensure that the existing structure and process is appropriate for your company’s goals and objectives.

Board Education

SAA will conduct educational sessions reviewing new asset classes, basic concepts, etc. SAA can also conduct case study sessions based on our firm’s experiences

SWOT Analysis

Looking at the strengths, weaknesses, opportunities and threats of the investment program, SAA develops of a blueprint for how and where to improve the investment process

Custodial Search Assistance

Though SAA does not provide complete Custody or Treasury Management Vendor search services, we do assist clients in the development of RFPs and evaluation metrics.

Rating Agency Consulting

SAA will assist and prepare your insurer for any investment-related inquiries prompted by rating agencies.

Portfolio Credit Review

SAA will assess the distribution of potential credit losses in the portfolio.


Meet Our Principals

Alton Cogert, CFA, CPA, CAIA, FDP, CGMA
President & CEO

Mr. Cogert founded SAA in 1994. Previously, he has served as a technical advisor to the NAIC Invested Assets Working Group and was a former chairman of the Investment Committee of the National Alliance of Life Companies.

Meet Our Principals

Dan Smereck,
Managing Director & Principal

Mr. Smereck has 25+ years of experience in investing for insurers and risk pools. Prior to joining SAA, Mr. Smereck was SVP and Chief Investment/Information Officer for a large, regional medical malpractice insurer.