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The Actuarial & Economic Services division is staffed by actuarial and economic experts with knowledge of the workers compensation industry. Diverse practice areas allow actuaries and economists to apply their specific experience and interests, including:
Researches and analyzes corporate finance concerns, trends in loss costs, catastrophic risk, and the underwriting cycle. Also provides statistical modeling and forecasting.
Reserving and Information Management
Produces residual market quarterly pool loss reserves as well as actuarial data quality initiatives and validation of carrier supplied data.
Analyzes proposed and enacted state and federal legislation, and estimates potential impacts on workers compensation costs. Provides applied and pure legislative research in support of those analyses.
Produces rate/loss cost filings in nearly 40 states and conducts all applied ratemaking research in support of those filings.