CASCO

Complete Actuarial Solutions Company

The CASCO Bulletin

Link: Full Bulletin

How Much Surplus is Needed? An Actuary’s Perspective
In our work with alternative risk financing programs, we regularly hear the question, “How much do we need to maintain?”…

Ask the Actuary: How do Actuaries React to Internal, External, and Experience Changes?
Changes in business operations, risk management programs, and legislative and market environments affect actuarial projections…

Market Focus: Workers’ Compensation Claim Trends
A recent study by the NCCI shows that nationwide trends in worker’s compensation…

 

Link: Full Bulletin

Healthcare Reform Update
The Affordable Care Act (ACA) is bringing profound changes to the healthcare delivery landscape…
 
Ask the Actuary: Discount Rates – Then & Now
Historically, the selection of a discount rate was based on a wide range of alternatives, from “risk-free” rates to actual portfolio rates of return to cost of capital targets…

Market Focus: United Educators
United  Educators  (UE)  is  a  Vermont-based  risk  retention group insuring over 1,000 universities and other educational institutions…
 
EGWP: An Attractive Alternative to Retiree Prescription Drug Plan Subsidies
The Medicare Part D retiree drug subsidy (RDS) being received by many employers for their  retiree  prescription  drug  plans  is  taxable  from  2013  onwards  as  a  result  of  the  Affordable  Care  Act  (ACA)…

Link: Full Bulletin

Workers’ Compensation Claim Frequency
After several years of steady decline in workers’ compensation claim frequency, data from CASCO  clients  and  a  recent  report  by  the NCCI indicate  an  uptick  in  frequency…
 
Ask the Actuary: Year-End Actuarial Analyses
Actuarial  analyses  project  outstanding  liabilities  used  by  company  management  in establishing  financial  statement  loss  reserves  at  fiscal  year-end…
 
Market Focus: Countrywide Medical Malpractice
The following graphs are based on insurer information from the National Association of Insurance Commissioners(NAIC) annual statements as aggregated by A.M. Best…
 

Link: Full Bulletin

Accounting Change for Health Care Organizations (Accounting Standards Update No. 2010-24)
Historically, accounting rules relating to the handling  of  expected  insurance  recoveries for  health care  organizations  have  differed from  those  in  other  industries…
 
Ask the Actuary: Capacity
Q: What is capacity and what is its role in insurance?…

Market Focus: American International Group (AIG)
AIG  is  one  of  the  largest  commercial  insurers  in  the  United  States  based  on  gross written  premium  and  is  the  second  largest  property  and  casualty  insurance  group (behind  only  State  Farm  Group)…

Link: Full Bulletin

What If Inflation Rears Its Ugly Head?
Concerns about a rise in inflation persist. You only need to look at the core CPI, which excludes volatile energy and food prices, to see that inflation is a very real issue…

Ask the Actuary: Credibility
Actuarial projections rely heavily on analysis of past loss experience…
 
Market Focus:Captives and RRGs
The number of active captives was up 2.2% in 2010 despite difficult market and economic conditions…
 
 
 

Link: Full Bulletin

Healthcare Reform: A Year Later
Will it stay or will it go? Time will tell, but for now, it is prudent to consider opportunities in the changing world of healthcare…
 
Ask the Actuary: Loss Trend
Actuarial analysis involves the use of historical data to project future losses…
 
Market Focus: Workers’ Compensation
Two important sources of industry data on workers’ compensation (WC) loss experience are the National Council on Compensation Insurance (NCCI) and AM Best’s Aggregates and Averages…
 
 

Link: Full Bulletin

Letters of Credit and Discounting
The selection of an appropriate discount rate was discussed in the previous CASCO Bulletin (Issue 1, 4th Quarter 2010)…  
 
Ask the Actuary: Confidence Level Estimates
Confidence level estimates provide a way of calculating risk margins for reserving and pricing…
 
Market Focus: Pennsylvania JUA
The Pennsylvania Professional Liability Joint Underwriting Association (JUA) plays an important role in the medical  professional liability insurance market in Pennsylvania…
 
 

Link: Full Bulletin

Medicare Gets Tough
Recent actions by the Centers for Medicare/Medicaid Services(CMS) suggest that Medicare is increasing its enforcement of the  Medicare Secondary Payer Act (MSP Act)…
 
Ask the Actuary: Discount Rates
For insurance companies, risk retention groups,and self insured programs, discounting of loss and loss adjustment expense reserves is required under GAAP and tax‐basis accounting and sometimes permitted under statutory accounting…
 
 
 
 
 
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