Disease and employers liability insurance

Document description

Disease exposure in respect of Employer's Liability insurance is a key subject. Currently in excess of 50% of claims by number reported in Employer's Liability category is classified as a 'disease', i.e. having a long potential exposure or development period. It is therefore vital for both pricing and reserving purposes that actuaries have a detailed understanding of these diseases, their causes, and the risk management process which will hopefully reduce the incidence of such claims. Rather than give an overview of many diseases\; industrial cancers and so on, it was thought appropriate to concentrate on three specific diseases. The three selected were Upper Limb Disorders, Deafness and Stress. In addition rating and reserving issues will considered. These are vital for the sound financial management of an account writing business with a disease element.