Self-insured entities account for a significant portion of our client base. We provide a wide variety of tasks for both private and public sector self-insureds, including:

Loss Reserve Studies

• Projection of liabilities, including insurance benefits and related expenses, such as allocated loss adjustment expense (ALAE), unallocated loss adjustment expense (ULAE) and assessments; also called undiscounted liabilities
• Reflection of time value of money; also call discounted liabilities
• Compliance with Governmental Accounting Standards Board statement numbers 10 & 30 (GASB 10 & GASB 30) for public sector self-insureds
• Analysis of reserve adequacy (comparison of needed reserves to held reserves)

• Projection of future cost of insurance benefits
• Projection of associated expenses, including ALAE, claims administration fees, taxes, assessments and reinsurance premiums
• Reflection of time value of money

• For group self-insureds, determination of each member's contribution using exposure (e.g., payroll) and individual experience

• Estimation of OPEB liabilities (i.e., retiree health insurance premiums) for compliance with GASB45
• Review of reinsurance needs and the cost of reinsurance
• Estimation of cost impact of individual members joining or leaving a group self-insured
• Self-insurance feasibility studies
• Captive feasibility studies
• Expert testimony