Transcript Actuarial Support for Insurance Buyers

Actuarial Support for
Insurance Buyers
Shirley Fuller Cooper
April 1, 2003
Overview
Background
Role at HCA Inc.
Relationship with actuaries
Negotiations
Conflict?
Q&A
Design and Develop
Insurance Programs
Partner with Insurance
Brokers
Physician/Medical
Malpractice
Underwriting
Maintain exposures
Provide coverage
assistance to facilities
Regulatory compliance
Property, Tank, & Exec
Liability claims
oversight
Policyholder service
Major Negotiations
Director’s & Officer’s Liability
Workers Compensation
Hospital Professional Liability
Property
Physician Malpractice
Actuarial Support
Hospital Professional
Physician Malpractice
Workers Compensation
Expectations
Credible in the industry
Understand the business
Understand the data
Firm handle on calculations
Rely on final decisions
Negotiations
Broker
In-house
Independent
Carrier
Conflict?
Management expectations
Funding
Insurance contract
Continued relationship