Department of Labour of the Government of New Zealand

Quality Assurance Review of the Accident Compensation Corporation's proposed 2008/09 Levy Rates

 

Prepared By

Richard Brookes
Fellow of the Institute of Actuaries of Australia
Fellow of the Institute of Actuaries (London)

Peter Mulquiney

Associate of the Institute of Actuaries of Australia

Date: 6 November 2007

Table of Contents

1. Executive Summary
2. Background and scope
3. Information supplied
4. Reconciliation of movements in Levy Rates
5. Exposure and number of entitlement claims
6. Risk costs, levy receipt timing and expenses
7. Funding policy and reserve adjustments
8. Calculation of reserve adjustments and projected funding levels
9. Levy stability and other adjustments
10. Partnership Programme and CPX Levies
11. Risk adjusted levy rates by Levy Risk Group in the work accounts
12. Individual claim cost capping

---