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SERVICES - Workers' Compensation Consulting

 
 

Organizations that sponsor a self-funded workers' compensation program or muli-employer funds are required to measure and report on an actuarial basis the Incurred But Not Reported (IBNR) claims against the fund.  Actuarial consulting for workers' compensation plans has been a service offered by Conrad Siegel Actuaries since 1978.  For our self-funded clients, we prepare an actuarial reserve analysis projecting the value of the funds incurred and outstanding liability by fund year.  We also prepare a projection of the loss experience of the fund for its upcoming year by various levels of actuarial confidence and render an opinion that the loss cost proposed will be adequate to satisfy the fund's workers' compensation liabilities.  We have also successfully challenged, on behalf of our clients, increased security requirements imposed by the Bureau of Workers' Compensation that have saved thousands of dollars for our clients.

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