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The Actuarial & Economic Services Division (AES) 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:
Employs leading-edge statistical analyses to visualize and evaluate workers compensation trends.
Operations and Communications
Responsible for administrative functions for the division, including quality and training. Oversees the production of actuarial information products for the workers compensation industry. Ensures the quality of data used in AES products and services.
Produces rate/loss cost filings in 38 states.
Research and Development
Responsible for actuarial and economic research and administration of the Actuarial Committee, Individual Risk Rating Working Group, and the Medical Data Call Research Committee.
Reserving and Legislative Analysis
Responsible for producing residual market quarterly Pool loss reserves and administration of the Reserving Committee. Analyzes proposed and enacted state and federal legislation and medical fee schedule changes, and estimates potential impacts on workers compensation costs.