mississippi association of self-insurers

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