How well are you managing workers’ compensation claims?

The right analytics approach could yield substantial savings

Posted by Matt Carrier and Frank Zizzamia on May 17, 2018.

The “80/20” rule is commonly applied to workers’ compensation claims: namely, that 80 percent of the cost comes from 20 percent of the claims. What if you could consistently predict whether a claim would fall in that costliest 20 percent so you could handle it in a way that mitigates the risk?

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A level playing field or out in left field?

IAIS Capital Standards 2016 Field Test

A level playing field or out in left field?
Posted by David Sherwood, Matthew Clark, and Sara Veit Kaufman on September 13, 2016.

In an effort to promote global financial stability and protect policyholders through the maintenance of a fair, safe, and stable insurance market, the International Association of Insurance Supervisors (IAIS) has been developing an Insurance Capital Standard (ICS). ICS is one component of the Common Framework (ComFrame) for the Supervision of Internationally Active Insurance Groups (IAIGs), and is intended to promote effective and globally consistent supervision of the insurance industry. The IAIS’s intent is to provide comparability of outcomes across jurisdictions, but the question is how this can most effectively be attained.

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Retirement Annuity Accounts

A defined contribution benefit plan option to help stabilize retirement and reduce risk

Retirement Annuity Accounts

Posted by Michael Niciforo and Gursh Jhuty on April 07, 2016.

Will I be able to retire? is a question many employees are asking. More than 85 percent of Americans believe the nation is facing a retirement crisis1 and 72 percent of surveyed employers feel only some employees will be ready for retirement.2 Part of the issue is that many employers who previously sponsored defined benefit (DB) plans (such as pensions) have shifted to defined contribution (DC) plans (such as 401(k)s), putting employees in charge of managing and bearing the risks of investing for their retirement. A new plan design option, Retirement Annuity Accounts (RAAs), helps bridge the gap between traditional DB and DC plans, providing defined benefit features without the investment risk and compliance requirements of a defined benefit plan.

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