Our clients typically use a combination of self-insurance and "excess insurance" to handle their workers' compensation losses.  Most have seen workers' compensation costs increase rapidly over the past five years; some clients' costs have more than doubled.  Workers' Compensation costs, which were once a merely an annoyance, have  become a serious problem for many of our clients.

A client's annual actuarial report, which was once a routine item on Management's check-list, is now a much more important document. 

We've changed how we analyze workers' compensation. We now put more than twice as much time and effort into a typical workers' compensation analysis than we did six years ago. As the actuary for several large workers' compensation JPA's we continually analyze current databases containing hundreds of thousands of workers' compensation claims. Most of the extra technical work is "below the surface" of what appears in a client report. See our Technical Approach discussion for some details.

 

This extra effort pays off. Over the past few years we have delivered consistent, reasonable estimates and projections to our clients. 

How We Can Help

 

We can:

 

• Provide reasonable, consistent estimates of self-insurance liabilities;
• Provide a detailed analysis of self-insurance Capital requirements;
• Recommend the most favorable self-insured retention ("SIR");
• Provide valuable advice on future Assessment Risk when considering an "excess" workers' compensation JPA.