1 / 22

HPL Benchmarking: Do the Numbers Lie?

HPL Benchmarking: Do the Numbers Lie?. HPL Benchmarking: Do the Numbers Lie?. Moderator: Robert Allen, Senior Vice President, Healthcare, Torus Insurance Panelists: Erik A. Johnson, FCAS, MAAA, Associate Director & Actuary, Aon Global Risk Consulting

jack
Télécharger la présentation

HPL Benchmarking: Do the Numbers Lie?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. HPL Benchmarking: Do the Numbers Lie? Chicago, IL ~ March 18 & 19, 2010

  2. HPL Benchmarking: Do the Numbers Lie? Moderator: Robert Allen, Senior Vice President, Healthcare, Torus Insurance Panelists: Erik A. Johnson, FCAS, MAAA, Associate Director & Actuary, Aon Global Risk Consulting Peter Schultheiss, FCAS, Division Actuary & Vice President, Zurich North America Andrew Shapiro, JD, Senior Vice President, HealthPro, CNA Paul Voller, Partner, Lloyd & Partners Limited

  3. HPL Benchmarking • Medical Malpractice Results • Illustration of Ultimate Loss Ratios For Illustrative Purposes Only: 2007 and 2008 Ultimate Loss Ratios

  4. HPL Benchmarking • Medical Malpractice Results • 2008 Loss & Expense Ratios 2008 Florida Medical Malpractice Financial Information

  5. HPL Benchmarking Aon/ASHRM Hospital Professional Liability & Physician Liability 2009 Benchmark Analysis

  6. HPL Benchmarking • Aon/ASHRM Benchmarking Study • Methodology (# claims, # years, exposure) • Trends Analyzed • Never Events • Frequency • Severity • Hospitals • Physicians

  7. HPL Benchmarking FREQUENCY

  8. HPL Benchmarking • Aon/ASHRM HPL Benchmarking Study - Overall Frequency per Bed 2009 Aon/ASHRM Hospital Professional Liability & Physician Liability Benchmark Analysis

  9. HPL Benchmarking • Aon/ASHRM HPL Benchmarking Study - Frequency per 10,000 Births 2009 Aon/ASHRM Hospital Professional Liability & Physician Liability Benchmark Analysis

  10. HPL Benchmarking SEVERITY

  11. HPL Benchmarking • Aon/ASHRM HPL Benchmarking Study – Overall Claim Severity Limited to $2M 2009 Aon/ASHRM Hospital Professional Liability & Physician Liability Benchmark Analysis

  12. HPL Benchmarking • Aon/ASHRM HPL Benchmarking Study – Closed Claim Analysis of Indemnity Payments • HPL Avg. Paid Indemnity @ $2M NPDB Avg. Paid Indemnity Unlimited 2009 Aon/ASHRM Hospital Professional Liability & Physician Liability Benchmark Analysis

  13. HPL Benchmarking • Aon/ASHRM Benchmarking Study Findings - For-Profit vs. Not-for-Profit 2009 Aon/ASHRM Hospital Professional Liability & Physician Liability Benchmark Analysis

  14. HPL Benchmarking • CNA AGING SERVICES STUDY • 8,000 Claims Across a 5-Year Period • For-profits have higher frequency; gap is closing • Severity Gap is Non-Existent • Facility and Cause of Loss Trends • Most severe injuries are death, sexual assault, amputation, and pressure ulcer

  15. HPL Benchmarking • Benchmarking Study Findings Bed Size Loss Cost per Bed @ $2M 2009 Aon/ASHRM Hospital Professional Liability & Physician Liability Benchmark Analysis

  16. HPL Benchmarking STATE REPORTS

  17. HPL Benchmarking • Missouri 2008 Medical Malpractice Insurance Report

  18. HPL Benchmarking • 2008 Pennsylvania Court Statistics

  19. HPL Benchmarking • 2008 Pennsylvania Medical Malpractice Case Filings: 2000 - 2008

  20. HPL Benchmarking WHAT’S NEXT?

  21. HPL Benchmarking • The Future of Benchmarking • Underwriting/Brokerage Strategy? • Rate Making? • 50 States Collecting Data? • More Facility-Closed Claim Studies? • CMS Quality Indicators?

  22. HPL Benchmarking: Do the Numbers Lie? Chicago, IL ~ March 18 & 19, 2010

More Related