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LION <br />■ Bornhuetter-Ferguson analysis <br />• Increased limits analysis <br />5. Based on projected losses and expected claims disbursement patterns, project investment income. <br />6. Prepare a draft report of our conclusions and recommendations. <br />The conclusions and recommendations will be clear, concise, and easily understood by non -actuaries. <br />The report will include charts, graphs, and other documentation sufficient to support all conclusions and <br />recommendations. Further discussion of the report appears in the "Deliverables," Section of this <br />proposal. <br />7. Discuss the draft report with Client by telephone. Based on new facts ascertained in our discussions,we <br />will revise the draft report and issue a final report. <br />Deliverables <br />Client will receive a thorough, yet easy -to -understand report. The technical section will include the <br />following information to support all conclusions and facilitate future analysis. <br />■ Background. Relevant details concerning the history, administration, claims handling, retention <br />levels and excess coverage will be provided. <br />■ Data Sources. Descriptions of the loss and exposure data provided by Client and its administrators <br />will be provided. Individual claims requiring special treatment in the analysis will be cited, including <br />an explanation of how we treated the claims in the analysis. If industry data is used to supplement <br />our analysis, a description of the data source will be provided; we will explain how we incorporated <br />the industry data into the analysis, <br />■ Methods Used. Descriptions of the various actuarial methods used in the analysis will be provided. <br />We will also explain the considerations associated with selecting the methods as well as the <br />underlying assumptions. <br />■ Exhibits. The exhibits will show the details of our analysis and support all conclusions stated in the <br />Executive Summary. <br />• Our reports are practical, useful documents, frequently referred to by our clients over months until <br />they are updated by ensuing <br />Aon Proprietary and Confidential g <br />Prepared for: The City of Santa Ana <br />