Mississippi Association of Self-Insurers Mississippi's Self-Insured Work Comp Industry – Tanned,...
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Transcript of Mississippi Association of Self-Insurers Mississippi's Self-Insured Work Comp Industry – Tanned,...
Mississippi Association of Mississippi Association of Self-InsurersSelf-Insurers
Mississippi's Self-Insured Work Comp Mississippi's Self-Insured Work Comp Industry – Tanned, Rested & Ready!Industry – Tanned, Rested & Ready!
Presented byPresented by::Preston Williams, MWCCPreston Williams, MWCC
Christopher J. Burkhalter, FCAS, MAAAChristopher J. Burkhalter, FCAS, MAAA
Mississippi Association of Mississippi Association of Self-InsurersSelf-Insurers
2013 MWCC Annual Report2013 MWCC Annual Report
Preston Williams, MWCCPreston Williams, MWCC
MWCC Annual ReportMWCC Annual ReportFiled ClaimsFiled Claims
MWCC Annual ReportMWCC Annual Report2013 Claims by Gender2013 Claims by Gender
MWCC Annual ReportMWCC Annual Report2013 Claims by Industry2013 Claims by Industry
MWCC Annual ReportMWCC Annual Report2013 Death Claims by Injury Type2013 Death Claims by Injury Type
MWCC Annual ReportMWCC Annual ReportTop 5 Injury TypesTop 5 Injury Types
MWCC Annual ReportMWCC Annual ReportTop 10 Body PartsTop 10 Body Parts
MWCC Annual ReportMWCC Annual ReportMost Frequent Causes of InjuryMost Frequent Causes of Injury
MWCC Annual ReportMWCC Annual ReportInjuries by MonthInjuries by Month
MWCC Annual ReportMWCC Annual ReportInjuries by DayInjuries by Day
MWCC Annual ReportMWCC Annual ReportControverted Cases - 2013Controverted Cases - 2013
Mississippi Association of Mississippi Association of Self-InsurersSelf-Insurers
2013 MWCC Self-Insured Fund 2013 MWCC Self-Insured Fund Benchmark StudyBenchmark StudyChris BurkhalterChris Burkhalter
Consulting ActuaryConsulting Actuary
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsEarned PremiumEarned Premium
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsEarned PremiumEarned Premium
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsNCCI Loss Costs vs. the S.I. IndustryNCCI Loss Costs vs. the S.I. Industry
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsCombined SurplusCombined Surplus
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsSurplus FundsSurplus Funds
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsPremium vs SurplusPremium vs Surplus
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsSurplus/ReservesSurplus/Reserves
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsSurplus/SIR (How many strikes?)Surplus/SIR (How many strikes?)
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsUltimate Loss RatioUltimate Loss Ratio
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsExpense Ratio (including excess ins.)Expense Ratio (including excess ins.)
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsCombined RatioCombined Ratio
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsCombined RatioCombined Ratio
Mississippi Active Self-Insured FundsMississippi Active Self-Insured FundsTanned, Rested & ReadyTanned, Rested & Ready
•Tanned•1 insolvency to the Guaranty Fund•2 in “involuntary runoff”•1 in voluntary runoff•10 survivors – what doesn’t kill me…
•Rested•Surviving funds had rate discipline in soft market•All-time high in financial strength/surplus•The weakest is strong
•Ready•Market shows sign of firming
•NCCI loss costs on the rise•Insurance companies are less cut-throat
Mississippi Association of Mississippi Association of Self-InsurersSelf-Insurers
Mississippi's Self-Insured Work Comp Mississippi's Self-Insured Work Comp Industry – Tanned, Rested & Ready!Industry – Tanned, Rested & Ready!
Presented byPresented by::Preston Williams, MWCCPreston Williams, MWCC
Christopher J. Burkhalter, FCAS, MAAAChristopher J. Burkhalter, FCAS, MAAA