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Kaizen Events: Changing Your Work Environment to Reduce Injuries
oday, around 20% of days of missed work are due to sprains and strains that happen as a result of poor workplace design. Companies and public sector organizations that consider their employees’ work environment and how it can affect health and efficiency — known as ergonomics — can potentially reduce workplace injuries.
Understanding Actuarial Methods
The purpose of most actuarial methods is to estimate ultimate losses, or total losses, for a particular accident period. Once an estimate of the ultimate losses is determined, outstanding losses or required reserves are easily calculated by subtracting the paid losses from these total losses.