Product Update

Loss Development Factors and Risk Quantification Discussions Updated in Risk Financing

This release of Risk Financing updates the risk quantification factors in Appendix F, including the workers compensation loss development factors (LDFs), benefit level adjustments, and the consumer price index. It also updates the discussions on risk quantification, including the sample models in "Risk Quantification Data Requirements," "Basic Loss Forecasting Methods," and "Measuring Loss Development."

The LDFs and benefit level adjustments for workers compensation are based on information published in the National Council on Compensation Insurance (NCCI) Annual Statistical Bulletin. NCCI typically releases the Annual Statistical Bulletin during the third quarter each year, depending on when updates to the data can be completed.

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