by Frank Huang | February 18, 2019 Because people have more interesting ways to spend their time than to pour over financial statements, I have taken it upon myself to do just that. Below are some interesting observations after looking at annual reports from the largest publicly-traded PEOs. Risk Factors Though rarely brimming with quantitative … Continue reading Intriguing Details of PEO Industry’s Largest Public Firms
by Frank Huang | February 15, 2019 One of the most common things a new client asks us to help with is to revamp their underwriting and pricing models. Obviously, the two go hand-in-hand, as underwriting and pricing decisions both utilize overlapping data sets like claims experience, experience mods, underlying exposures, etc. I originally wanted … Continue reading PEO Pricing: Strategic Pricing for Long-Term Profitability
by Frank Huang | February 15, 2019 Every time I attend a professional sporting event, I am always in awe of how pristine the playing surface is. The professional athletes who play on these surfaces are probably used to these conditions which allow them to compete at the highest level. But what if you told … Continue reading A PEO’s Field of Dreams – Insurance Program Structure
Merlinos & Associates is proud to announce the latest addition to our staff, Cindy Jones. Cindy is currently an actuarial science student at Georgia State University, scheduled to graduate with a B.S. in Actuarial Science in May of 2019. Welcome, Cindy!
by Frank Huang | January 21, 2019 As touched upon in our claims article, the actuarial function is one of the least visible or straightforward to understand. And yet within this space are some of the most impactful connections to a PEO’s direct costs and thus sales competitiveness. This article will attempt to explain the … Continue reading How PEOs Should Use Actuaries
by Frank Huang | January 21, 2019 Underwriting and claims have a lot in common. Both are easily considered afterthoughts when things are going well, yet scapegoats when things sour. Both are very technical, yet are both part art and science. And both can superficially be considered defense only, whereas both – if done well … Continue reading Strategic Claims Management for PEOs
by Frank Huang | January 21, 2019 Per the call to order from my opening post, the plan is to begin writing about PEOs from a micro-level focused initially on the risk program, then zoom out to look at risk in the context of the PEO’s business operations, and eventually survey and comment on the … Continue reading Underwriting is the PEO’s Hidden Advantage
by Frank Huang | January 18, 2019 My passion for PEOs began some years ago when I came across a Chief Actuary opening for a company called ADP. The job description read: “manage the direction, strategy, negotiations, and analytics for the PEO risk group” I really liked all the keywords in the sentence, but at … Continue reading An Actuary’s Love for PEOs
Merlinos consultants Rebecca Freitag and Tom Vasey will be speaking at the 2019 International Association of Insurance Receivers (IAIR) 2019 Insurance Resolution Workshop in New Orleans on February 14. Rebecca and Tom will discuss non-traditional roles for actuaries as they address complex issues encountered in liquidations, including reinsurance structures that conceal the true value of … Continue reading Merlinos to Speak at IAIR 2019 Insurance Resolution Workshop
Merlinos & Associates is proud to announce the latest addition to our staff, Brad LeBlond. Brad is a Fellow of the Casualty Actuarial Society with 25 years of experience. His career includes leadership positions at insurance carriers and reinsurers as well as key actuarial positions at international management consulting firms. Welcome, Brad!