BRS actuaries focus on helping private and public entities, both single-entity and group insureds, evaluate and measure the financial risks of their self-insured workers’ compensation, liability, medical malpractice, and property programs. Applying our extensive experience in self-insurance, BRS actuaries work closely with clients to accurately quantify claim liabilities and determine appropriate funding levels. Our wide-ranging data resources enable us to provide clients with historical trends, cost allocation methodology, comparative benchmarking, and other valuable risk measurement tools.
- Reserve analyses of outstanding claim and expense liabilities, including incurred but not reported (IBNR) reserves
- Funding studies of projected cash flows and ultimate costs, including rates for budgeting purposes
- Cost allocation studies (by department within entities and by member within risk retention groups)
- Self-insured group and captive feasibility studies
- Benchmarking studies (historical trends in programs and comparisons to industry peer groups)
- Self-insured retention (SIR) studies and evaluations of excess and reinsurance cost proposals
- Explaining it all in easy-to-understand terms