Risk Financing

Reference At-A-Glance

A Critical Tool for Even the Most Seasoned Professional

Risk FinancingAuthors: IRMI Research Analysts
Published & Regularly Updated: Since 1983
Pages: More than 1,700 in print
Supplemented Quarterly
Includes: Executive Briefings and several
Bonus Publications
See the Table of Contents

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Description

Risk Financing is an easy-to-use-and-understand reference explaining the various risk finance options for any organization's liability and workers compensation risks. It covers all the alternatives with cutting-edge analyses and explanations of traditional insurance rating plans and alternative market options. This includes experience rating, dividend plans, retrospective rating, deductible plans, self-insurance, pooling arrangements, risk retention groups, captive insurance, fronting, reinsurance, and even risk securitization.

Risk Financing lays out all the steps necessary to perform a systematic evaluation of risk finance options from loss forecasting to net present value analysis of the alternatives. It includes many useful factors and formulas to help, including loss development factors and claims cost (Masterson) indexes, which are updated annually. Because we keep it current for you, it can eliminate any uncertainty you may feel about which of the many alternative plans is best for your organization or client. It will also provide invaluable insight for fine-tuning any existing program.

Features and Benefits to You

Select a Job Function (click the arrows to the left)

more info Agents, Brokers and Account Support Staff

  • Evaluate and improve the programs currently used by your clients.
  • Equip yourself to point out the disadvantages of self-insurance pools, group captives, and other alternative markets that may not be the best choices for your clients.
  • Keep up with developments in the alternative market, compare plans, and choose the most cost-efficient option for your insureds.
  • Forecast future losses so you can make apples-to-apples comparisons of your insureds' options.
  • Help your clients study the feasibility of self-insurance or a captive.
  • Point out tax and accounting issues with risk finance options that your clients should address with their accountants.
  • Help your clients prepare a request for proposal (RFP) to select the best possible TPA.

more info Risk Managers, Financial Executives & Insurance Buyers

  • Evaluate and improve the programs currently used by your company.
  • Keep up with developments in the alternative market, compare plans, and choose the most cost-efficient option.
  • Forecast future losses with confidence to enable apples-to-apples comparisons of your options.
  • Study the feasibility of self-insurance or a captive.
  • Understand the advice you get from brokers, consultants, accountants, and actuaries.
  • Speak knowledgeably with your accountants about the tax and accounting implications of your alternative risk finance options.
  • Prepare a request for proposal (RFP) that will help you select the best possible TPA.

more info Underwriters

  • Evaluate and advise on improvements to the programs currently used by your clients.
  • Benchmark your internal loss development factors against the annually updated industry LDFs.
  • Employ the Masterson Indexes in your loss forecasting model.
  • Keep up with developments in the alternative market, compare plans, and advise agents/brokers and insureds on the most cost-efficient option.
  • Understand how tax and accounting practices may affect the acceptability of your proposed programs.

more info Consultants

  • Evaluate and advise on improvements to the programs currently used by your clients.
  • Use the annually updated loss development factors and Masterson Indexes in your loss forecasting models.
  • Keep up with developments in the alternative market, compare plans, and advise clients on the most cost-efficient option.
  • Study the feasibility of self-insurance or a captive.
  • Properly consider the tax and accounting implications of the alternative risk finance programs you recommend.

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