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Accounting Services
Financial Audit Services
Actuarial Services
Other Services and Studies |
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Friday Systems offers a wide range of casualty actuarial service to help design, implement, and maintain the risk-financing program that makes the most sense for your organization. Building a sound risk management program is a complex task, especially if the organization retains a significant amount of risk through self-insurance, a captive insurance program or another non-insurance mechanism. We provide analyses for casualty lines of coverage including workers compensation, general liability, products liability, automobile liability, errors and omissions, and other coverage. Among the services we offer are:
Loss Probability Studies
We provide your company with forecasts about the size and frequency of future losses tailored to program retentions, limits, and aggregates. Best and worse-case scenarios are included with all the forecasts as well.
Risk Retention Analysis
We help your organization assess the advantages and disadvantages of different levels of risk retention, such as the excess premium savings a higher retention may bring.
Loss Reserve Analysis
We help your firm set and achieve an appropriate level of reserves, whether you are an insurer, self-insured or use a retrospective rating or other loss-sensitive plan. Examples include: outstanding self-insured loss and expense reserves; outstanding premium reserves for incurred and paid loss retrospectives; analyses of collateral requirements; assistance with workers’ compensation filings and insurance company reserves analyses and statutory opinions. |
