Insurers need an integrated business approach to controlling workers compensation costs. While investment returns are well below historical averages, combined ratios are climbing and historic pre-tax operating gains are eroding rapidly.

RSL will study your historical financial results, analyzing up to 75 cause of loss factors using our proprietary software to identify your loss drivers. We review at least 10 years of loss history to identify trends and compare your results to the industry average as well as to peer carriers.

We will compare your policies and procedures to industry best practices and identify improvement opportunities to lower your loss ratio and ultimately enhance your cash flow.

Our staff of professionals have extensive backgrounds at the executive level in the workers compensation business segment and have the operational experience to quickly identify claim handling and underwriting improvement opportunities.

Our Process:

• Complete historic analysis of loss cost drivers.
• Assess your underwriting, pricing, and competitive position.
• Analyze claims and underwriting practices and procedures for effectiveness and efficiency relative to industry best practices.
• Review current underwriting/claims skills.
• Review the rate making process, individual risk pricing process and state sales strategy.
• Complete a claims file review of a representative sample of open and closed claims.
• Conduct comprehensive interviews with a cross-section of your claims and underwriting staff as well as external stakeholders.
• Develop a high level Management Action Plan designed to improve your results.

Please let us know if you would like further information on any of RSL's services or if you would like to discuss your specific reinsurance and/or insurance administration needs with us.