Packaging Solutions Company Consults Risk International
RESULTS

Packaging Solutions Company Consults Risk International, Resulting in $3 Mil in Savings

Services Provided
Actuarial Consulting

Industry
Packaging

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A privately owned packaging solutions company conducted an actuarial assessment to increase savings. 

The assessment indicated that their worker’s comp claims could be reduced by selecting new third party administration. Continuing to monitor the performance on claims helped keep high savings.

The Stats

3,100 Employees

12 Months
Speed of Capture

$33+ Mil
Shareholder Value Creation

Engagement

  • • Engaged by Private Equity to conduct TCOR assessment
  • • Managed broker and TPA RFP
  • • Provided renewal management services from that point forward
  • • Partnership from 2016 to present

Over $3 Mil in Savings; $2.3 in the First Year Alone

  • Moved from guaranteed cost WC program to high deductible in 2016
  • Gained better control of WC claims by selecting new TPA through RFP; continuing performance on claims handling has helped preserve premium savings on WC line specifically

Explore More Results

Data Cleanup Saves $1 Million Annually

Updating Property Values Reduces Insurance Premiums

Streamlined Renewal Process Saves $7 Million