Mississippi Association of Self-Insurers Mississippi's Self-Insured Work Comp Industry – Tanned, Rested & Ready! Presented by: Preston Williams, MWCC Christopher.

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Presentation transcript:

Mississippi Association of Self-Insurers Mississippi's Self-Insured Work Comp Industry – Tanned, Rested & Ready! Presented by: Preston Williams, MWCC Christopher J. Burkhalter, FCAS, MAAA

Mississippi Association of Self-Insurers 2013 MWCC Annual Report Preston Williams, MWCC

MWCC Annual Report Filed Claims

MWCC Annual Report 2013 Claims by Gender

MWCC Annual Report 2013 Claims by Industry

MWCC Annual Report 2013 Death Claims by Injury Type

MWCC Annual Report Top 5 Injury Types

MWCC Annual Report Top 10 Body Parts

MWCC Annual Report Most Frequent Causes of Injury

MWCC Annual Report Injuries by Month

MWCC Annual Report Injuries by Day

MWCC Annual Report Controverted Cases

Mississippi Association of Self-Insurers 2013 MWCC Self-Insured Fund Benchmark Study Chris Burkhalter Consulting Actuary

Mississippi Active Self-Insured Funds Earned Premium

Mississippi Active Self-Insured Funds Earned Premium

Mississippi Active Self-Insured Funds NCCI Loss Costs vs. the S.I. Industry

Mississippi Active Self-Insured Funds Combined Surplus

Mississippi Active Self-Insured Funds Surplus Funds

Mississippi Active Self-Insured Funds Premium vs Surplus

Mississippi Active Self-Insured Funds Surplus/Reserves

Surplus/SIR (How many strikes?)

Mississippi Active Self-Insured Funds Ultimate Loss Ratio

Mississippi Active Self-Insured Funds Expense Ratio (including excess ins.)

Mississippi Active Self-Insured Funds Combined Ratio

Mississippi Active Self-Insured Funds Combined Ratio

Mississippi Active Self-Insured Funds Tanned, 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 Self-Insurers Mississippi's Self-Insured Work Comp Industry – Tanned, Rested & Ready! Presented by: Preston Williams, MWCC Christopher J. Burkhalter, FCAS, MAAA