Insurance industry consultants Perr&Knight announced today the relocation of the company’s headquarters from Pacific Palisades, California to Santa Monica, California, in the heart of the city’s world famous downtown district.

Perr&Knight was founded in the Pacific Palisades in 1994 by Tim Perr and Scott Knight, and has since grown to encompass office locations throughout the United States, including Irvine, CA, Jersey City, NJ, Boca Raton, FL, Ft. Worth, TX, and Chicago, IL. The expansion of Perr&Knight’s geographic reach ensures accessibility for the firm’s clients, and this trend continues with the new company headquarters. Clients visiting the Santa Monica, CA headquarters will benefit from better access to hotels, airports and transportation, as well as immediate access to the numerous entertainment landmarks that make Santa Monica a highly frequented tourist destination.

“After 17 years in offices in Pacific Palisades, the move to a new location in a modern, class A building in Santa Monica marks a new chapter in our firm’s history,” said Tim Perr, Managing Principal.  “Our new headquarters will be a much more accessible and professional setting for our employees and clients to work in and visit. We look forward to many more years of productivity and growth at our new location.”

Existing and prospective clients are invited to contact Perr&Knight and schedule a visit to the new headquarters at:

Perr&Knight
401 Wilshire Blvd., Suite 300
Santa Monica, CA, 90401
310.230.9339

Please contact us for more information or to schedule a visit.

Click here to learn more about this event.

Statistical Reporting & Compliance – Challenges & Solutions
Perr&Knight routinely handles statistical report submissions to bureaus, annual statement reconciliations, state special data calls and statistical bureau alternative analyses for many P&C insurers. Most recently, they have been proactively developing services and solutions that take more of a holistic view of aggregating data from client’s systems so that multiple regulatory reporting requirements can be met simultaneously.  Frankly, much of the data required by independent entities – including ISO, NCCI and Medicare – is overlapping and this session will familiarize the user with the latest in mandated reporting requirements as well as their collaboration with iPartners to help our clients become more efficient in statistical/regulatory, financial and management reporting; ensure compliance; and avoid fines.

Click here to learn more about this event.

Why attend?

• Benefit from a domicile-neutral, two day conference, with panel debates and case studies
• Gain industry insights and predictions from risk managers and leading captive insurance experts,
• Debate the big issues and changing regulations in the interactive panel sessions
• Network with other captive insurance professionals from across the United States
• Meet leading advisors and service providers at the accompanying free exhibition

Please use the promotional code PAK to register for free at www.captiveliveusa.com, and stop by booth 101 to discuss your organization’s needs with Dean Ferdico and Kyle Hales of Perr&Knight. You can also click here to download an invitation.

71. Product Development—Best Practices
Does your company have a great concept that needs to be turned into a profitable reality? Learn how to take these insurance innovations from filed to approved. Learn the best practices and tips that will get your new product filing through the department and into the market.

You can download the conference program and detailed schedule from the AICP Conference website for more information. To learn more about Kyle, please see his bio on this website.

Scott Knight, Karen Daley and Ines Piquet will also be in attendance at booth 12 in the main exhibition hall to discuss all of your organization’s operational needs.

As such, we want to remind our clients to focus on preparing claims workflows and data capture in anticipation of these dates quickly approaching.

BE PREPARED
As you prepare, it is important to remember that:

• Compliance is not simply a straightforward “data reporting” process as many vendors in the market place insist.

• In fact, it is being reported that many vendors that don’t have the proper expertise are having significant challenges in adapting to medical claims based reporting.

• Without a comprehensive, turn-key solution, reports to Medicare may be timely but fines could still be imposed at some point within the program due to erroneous reporting of data elements.

• Ongoing education and management is required to comply with a Federal mandate that will continue to have rules changes – probably for the next few years.

• Medical Set Asides (MSA’s) – which have traditionally been done only for workers compensation – will soon also be required for all liability lines and the terms of these agreements will have to be incorporated into the Section 111 quarterly reports filed.

• This truly is a complex program initiative for all entities required to participate.

CHOOSE THE RIGHT SOLUTION
Perr&Knight’s proven consulting services provide excellent functional support to our growing Medicare Section 111 reporting community.  This focus – along with our flexible, user friendly data portal and advanced technical capabilities – provides a value add that must be strongly considered. Our services ensure that our clients are kept aware of the latest changes in the Medicare guidelines and our data portal is maintained so that the CMS rules are continually updated and proper error analysis is conducted – which are both included in your “turn-key” solution fees for administering the reporting function.

We also recognize that many clients would like a “one stop shop” that handles both the Medicare Section 111 Reporting as well as the Medicare Set Aside (MSA) work. To this end, we have aligned ourselves with a well experienced partner should your company have a need for this service as well.

CONTROL COSTS
We understand the need for insurers to control costs in today’s economy; therefore, our set up and quarterly reporting fees are very fair for a comprehensive solution that focuses on consulting; ensures successful registration, testing and reporting; and empowers our clients with a data portal that will be updated continually to ensure Medicare reporting compliance for our client community.

CONTACT US
Please contact us for more information.

“The Insurance Technology Group represents a natural evolution of our service portfolio in direct response to our clients’ needs,” said Berg. “There really is no industry counterpart to this in that no other firm combines the unified focus on the insurance industry, the deep insurance subject matter expertise and the technological savvy that Perr&Knight now brings to the industry.”

Perr&Knight has already been instrumental in the planning, execution and management of many large-scale insurance technology initiatives, and recently annexed an offshore development team to augment its onshore resources. “They’ve done some great things, these professionals at Perr&Knight. I was fortunate to be able to work with them on several large projects; having worked with so many consultants over the years, I really find this firm’s technology practice to be exceptional,” stated Jim Cerone, former Executive Vice President of Travelers and current president of James F Cerone, Ltd., a Chicago-based firm that provides claims management expertise.

The group offers IT planning support, which includes solution design, requirements management and project planning services; decision support, including vendor selection, project risk assessment and business case development services; and execution support services, including IT governance, business process change and staff augmentation and training services.

Click here to learn more about the Insurance Technology Group.

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To even consider the installation or replacement of core insurance systems makes most of us shudder. Perhaps we’ve heard one too many horror stories, or we’re overwhelmed by the variety of systems, or we’re taken aback by the sheer time and money it takes to get these things up and running. In any event, keeping pace with our competitors requires some hard work, and some of the hardest we’ll ever be involved with can be the identification, selection, deployment and management of new core systems.

Click here to download this white paper.