Navigating Legislative Changes for Healthcare Entities

Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary and Enoch Starnes, ACI, Captive and Complex Risk Consultant

January is here, and with it comes the need for many companies to complete their annual actuarial report for retained liabilities. If the past several years are any indicator, legislative changes and social inflation could significantly impact the loss reserves and projections prepared in these reports. Healthcare entities in particular could face the bulk of this activity, as evidenced by California's AB35 bill increasing the cap for damages on both a current and ongoing basis.

SIGMA has many years of experience providing analytical services to healthcare clients, which are covered in our latest one-page summary. The document outlines the types of analytical services SIGMA offers and highlights our experience with various types of healthcare entities.

Details on the analytical implications of legislative changes can be found in the recent 2023 Captive International article by Enoch Starnes and Michelle Bradley.

Of course, this one-page summary is just one of the many documents and videos found in our complimentary RISK66 education portal.

As always, SIGMA is available to discuss solutions to challenges unique to a particular company or industry. Schedule a call today with one of our consulting actuaries.

We welcome your feedback by contacting us at support@SIGMAactuary.com.

© SIGMA Actuarial Consulting Group, Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *

Archives

Recent Posts

Adapting Your Captive for a Shifting Risk Landscape
In a recent article published by Captive International, Michelle Bradley and Enoch Starnes discuss, “Adapting Your Captive for a Shifting Risk Landscape". In it, they examine how a company’s risk profile can shift dramatically and without any warning. The impact of a global pandemic, a rising ...
Read More
Navigating Legislative Changes for Healthcare Entities
January is here, and with it comes the need for many companies to complete their annual actuarial report for retained liabilities. If the past several years are any indicator, legislative changes and social inflation could significantly impact the loss reserves and projections prepared in these repo...
Read More
SIGMA's 2023 Highlights
Despite market uncertainty and numerous obstacles in the insurance industry this past year, the SIGMA team has persistently directed its focus towards growth, education, and delivering exceptional service to our clients. Fortunately, our dedicated efforts in these areas have not gone unnoticed, resu...
Read More
Captive Market Trends, and Predictions for the Year Ahead
Michelle Bradley and Enoch Starnes were recently featured in an article by Captive Insurance Times titled, "Going for Gold". Along with other industry leaders, they discuss 2023's captive market performance, trends and developments, and share predictions for the year ahead.  In regards to the y...
Read More

Subscribe to Our Blog



hello world!
Copyright © 2023 – 2024 SIGMA Actuarial Consulting Group, Inc. All Rights Reserved.
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram