Public entities—whether individual and self-insured or collective risk pools—face many challenges in making risk financing decisions. Expansion and contraction of governmental services, coupled with changes in governmental immunities, make measuring and controlling public entities’ insurance costs a constant challenge.

Our clients rely on our informed judgment, gained from a breadth and depth of experience dealing with a wide range of issues unique to public entities. We make it our job to identify and quantify patterns that affect important financial determinations. The services we provide include:

• evaluation of reserves consistent with GASB10
• evaluation of the cost of self-insuring liabilities at different per claim and aggregate retention levels
• valuation of the economic benefit or cost of a loss portfolio transfer
• estimation of tail liability

Teamwork improves a client’s financial decision making

In a recent project, Milliman actuarial and claim consultants worked together to determine the cause of an unprecedented increase in case reserves. The claim consultants uncovered a change in the claim process that affected the estimates and the actuaries used this information to remove the data distortions prior to estimation. The unique expertise contributed by each Milliman consultant resulted in more reliable estimates upon which the client could base financial decisions, saving the client time, resources, and money.