Scope: Annual loss and loss adjustment expense reserve analysis beginning with year-end December 31, 2026; surplus adequacy, loss projections, and separate Coal and Commercial premium deficiency calculations.
Claims review: Annual claims sampling and catastrophic/lifetime claims analysis, including detailed reserve adequacy reviews for approximately 70 open claims with medical incurred amounts exceeding $1 million.
Schedule and access: Data provided in January; preliminary reserves report by January's third-to-last business day, draft in March, and final within 30 days of the draft. Claims system access is available only onsite in Scranton; expect 1–2 Scranton meetings annually and remaining meetings in Harrisburg.
Qualifications: At least two years of actuarial experience, relevant Pennsylvania workers' compensation and SWIF experience, and a lead consultant with AAA, SOA, or CAS membership.
Pricing: All-inclusive fixed annual pricing, with semi-annual billing, for one initial year and four optional renewal years with 3% annual escalation.
XL Eagle