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.
Conrad Siegel provides 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 Department of Labor and Industry 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.
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.
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 Department of Labor and Industry.
Dividend Analysis & Certification
Required dividend analysis and certification for group self-insured funds.