SureTREND®
Actuarial analysis detailing expected development of claims
Insurance companies employ their own in-house actuaries that calculate the expected risk of a claim being filed for your operations. Since insurance companies profit from premiums charged based on the risk, we look for a second opinion. The service includes the following:
Actuarial report shows the expected development of claims
I. Predicts future claims experience
II. Ensures that the carrier is properly setting loss reserves
III. Identifies causes of loss that are most frequent
Used to negotiate lower premiums
I. Review of the predictions made by the Actuary at the insurance company
II. Establishment of accounting reserves for self-insured and retro policies
III. Identification of the cause of frequent losses
Using a secondary actuarial analysis allows us to negotiate with insurance companies. It also allows us to determine if alternate risk methods are optimal for your business. The analysis will isolate specific loss drivers, which reduces your Risk Profile and can lead to safer operations for your company.
SureRISK®