CASCO
Complete Actuarial Solutions Company
The CASCO Bulletin
Issue 8
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…
Issue 7
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…
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)…
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)…
Issue 6
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…
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…
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…
The following graphs are based on insurer information from the National Association of Insurance Commissioners(NAIC) annual statements as aggregated by A.M. Best…
Issue 5
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…
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?…
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)…
Issue 4
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…
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…
The number of active captives was up 2.2% in 2010 despite difficult market and economic conditions…
Issue 3
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…
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…
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…
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…
Issue 2
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)…
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…
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…
The Pennsylvania Professional Liability Joint Underwriting Association (JUA) plays an important role in the medical professional liability insurance market in Pennsylvania…
Issue 1
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)…
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…