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

1 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

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

3 MWCC Annual Report Filed Claims

4 MWCC Annual Report 2013 Claims by Gender

5 MWCC Annual Report 2013 Claims by Industry

6 MWCC Annual Report 2013 Death Claims by Injury Type

7 MWCC Annual Report Top 5 Injury Types

8 MWCC Annual Report Top 10 Body Parts

9 MWCC Annual Report Most Frequent Causes of Injury

10 MWCC Annual Report Injuries by Month

11 MWCC Annual Report Injuries by Day

12 MWCC Annual Report Controverted Cases - 2013

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

14 Mississippi Active Self-Insured Funds Earned Premium

15 Mississippi Active Self-Insured Funds Earned Premium

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

17 Mississippi Active Self-Insured Funds Combined Surplus

18 Mississippi Active Self-Insured Funds Surplus Funds

19 Mississippi Active Self-Insured Funds Premium vs Surplus

20 Mississippi Active Self-Insured Funds Surplus/Reserves

21 Surplus/SIR (How many strikes?)

22 Mississippi Active Self-Insured Funds Ultimate Loss Ratio

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

24 Mississippi Active Self-Insured Funds Combined Ratio

25 Mississippi Active Self-Insured Funds Combined Ratio

26 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

27 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


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