by Al Rhodes, ACAS, MAAA | Mar 26, 2012 | Loss Control, Training Resources
A picture can be worth a thousand words. Or, in this case, a “map” can be an easy way to explain how the terminology used by actuaries fits together in one diagram. If you are a broker, you will eventually discuss with some of your clients the following...
by Al Rhodes, ACAS, MAAA | Feb 8, 2012 | Benchmarking, Loss Control
Note: The following article uses workers compensation as an example only. The technique is applicable to any line of coverage. A very effective method to measure the impact of a loss control program is an analysis of losses versus payroll. This statistic is called the...
