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Richard Frese

Richard Frese

Richard is an actuary in the Chicago Casualty practice of Milliman. He joined the firm in 2002.

Richard’s expertise in property and casualty primarily involves loss reserving and forecasting for self-insured clients in the area of medical malpractice and workers’ compensation liability. He also has extensive experience in commercial lines, including workers’ compensation, professional liability, general liability, auto liability, and property insurance. His clients include captives, Fortune 500 corporations, healthcare institutions, privately held companies, public entities, and risk-retention groups.

Recent Articles by Richard Frese

Financial Reporting Of Medical Malpractice Self-Insured Losses

Healthcare entities, or groups of physicians (through a captive), may self-insure losses to better control the costs of medical malpractice insurance, particularly when insurance premiums rise. Self-insured losses are typically estimated by an actuary, who will provide an unbiased estimate of the loss reserves and can also forecast losses for the next policy period for […]

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