Workers’ Comp: Actuarial Consulting

One of the largest liabilities on the balance sheet is workers’ comp. Conrad Siegel has been consulting with employers, counties, municipalities, and trade associations on workers’ compensation issues since 1978, to help them understand the magnitude and potential variability of their workers’ compensation liabilities.

We provide actuarial services for individual and group self-insured workers’ compensation funds, enabling them to evaluate and adequately fund their reserve liabilities and to satisfy Pennsylvania DOL security requirements.

Workers’ comp services include:

Actuarial Loss Reserve Analysis

Preparation of an actuarial loss reserve analysis of unpaid liabilities, including incurred but not reported liabilities.

Expense Loss Cost Multiplier Worksheet

Preparation of the Expense Loss Cost Multiplier Worksheet for group self-insured funds to be included in the annual rate filing with the Pennsylvania DOL.

Dividend Analysis & Certification

Required dividend analysis and certification for group self-insured funds.

Actuarial Ratemaking Analysis

Preparation of an actuarial ratemaking analysis to determine the funding necessary to cover expected losses and expenses for an upcoming fund year.

Get to know our workers’ comp actuarial team!

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