Check the attachment, its more clear and organized than here. I don’t need any plagiarism please. Answer the questions and show your work please I need to get a high grade.
1. Assume you have been hired by Heimlich and Payne in Tulsa to do a risk assessment and develop and
insurance program for them. Assess the exposures the company faces that can be dealt with by the
traditional insurance market. Then explain to the company why risk management expenditures can
easily be questioned in terms of building shareholder value, and make certain that they understand how
these expenditures can be defended from the building shareholder value perspective. A hyper link to
the company is below that will help you gather the information you need to perform the risk
assessment. https://www.hpinc.com/
2. Hook ‘em – Slice ‘em Industries Workers Workers Compensation Loss Development triangle is below
Accident Year vertical
12 24
- 2007 502.5 674.9
- 2008 527.6 684.6
- 2009 553.9 7 41.0
- 2010 581.7 745.6
- 2011 668.9 801.5
- 2012 702.3 842.1
- 2013 737.5 882.0
- 2014 774.3 925.7
- 2015 875.3
/ Months horizontal
36 48
751.3 791.2 809.7
768.0 804.6 820.5
823.5 866.7 885.7
845.2 890.3 909.7
841.0 864.5 883.5
885.7 907.8
926.1
60 72 84 96 108
817.9 821.3 823.0 823.0
828.6 833.5 835.1
894.2 898.2
918.8
Industry Loss Development Factors
Period of Development
12to24 24to36 36to48 48to60 60to72 72to84 84to96 96to108
1.200 1.050 1.030 1.022 1.010 1.005 1.002 1.001
Given the data above, calculate the loss development factors for the company above as we did in class.
Be sure and explain why you chose the loss development factors you chose. Does the comparison of
actual loss experience to industry averages raise any questions for you? Make sure to show your work
so that partial credit can be awarded.
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