The Self-Insurance Institute of America, Inc. (SIIA) today announced that it has published two white papers focused on Group Self-Insured Workers’ Compensation Groups (SIGs).
The first white paper, titled Management Guidelines for Group Self-Insured Workers’Compensation Groups,provides a collection of expert guidance how SIGs should be managed. Specifically, the paper includes 48 specific recommendations dealing with issues such important area as underwriting, loss control, claims management and marketing.
The other white, titled Financial Solvency of Self-Insured Workers’ Compensation Groups (SIGs), was developed in response to reports to companies not accepting certificate of insurance from SIGs, citing solvency concerns. The white paper explains why such solvency concerns are likely unfounded and can be distributed by SIG members to business partners who may not understand how SIGs operate.
Both papers are available free to SIIA members and can be accessed online through the members-only section of the association’s web site. To view the papers, click here
In related news, SIIA is planning several SIG-specific educational sessions at its upcoming Workers’ Compensation Executive Forum, scheduled for May 10-12, 2008 in Newport Beach, CA.
SIIA is a national trade association that represents companies involved in the self-insurance/alternative risk transfer marketplace.