Product Update

Updates to LDFs, Payout Profiles, CPI Factors, Collateral Requirements, and More in Risk Financing

This release of Risk Financing features updates to the risk quantification factors; updates to the discussions on risk quantification, including the sample models in "Risk Quantification Data Requirements" and "Basic Loss Forecasting Methods"; and updates to several of the data tables in the "Cost Guidelines" section. Revisions to the risk quantification factors include updates to the Consumer Price Index (CPI) factors, workers compensation loss development factors and benefit level adjustments, general liability and automobile liability loss development factors (LDFs), and payout profiles. Risk Financing Perspectives for September 2022 features updates to a discussion on collateral requirements for casualty insurance programs, initially authored in 2006 by L. Michelle Bradley and Lloyd Kelly of SIGMA Actuarial Consulting Group in Brentwood, Tennessee. Lastly, "Market Corner" provides quarterly updates on current property and casualty insurance market conditions.

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