Evaluating and Reserving Workers' Compensation Claims Part 1: Finding the Value - FL

Do you know the difference between 'case reserves'� and 'bulk reserves'�? Or the distinction between 'incurred'� and 'paid'� reserves? One of the most crucial tools in workers' compensation risk management and fiscal control is the reserving of claims. Accurate and credible financial claims data is essential for measuring performance in loss control and safety. It also plays a key role in financial reporting to regulators and stakeholders. This course discusses individual claim evaluation theory and practice, focusing on how to estimate the ultimate probable cost of a claim and how reserving projects financial loss.