SCIS: The Future of Workers' Compensation Insurance

Specialty Comp Insurance Solutions (SCIS) is a premier underwriter of workers’ compensation business. SCIS operates as a Managing General Agency (MGA) and enjoys broad delegated underwriting authority from A-rated carriers. The Company employes highly experienced underwriters, capable of writing the most complex workers’ comp risks across all 50 states. Additionally, SCIS provides an effective, high-touch Advisory Service model geared toward reducing the frequency and severity of loss, driving improved loss experience, and ultimately lower premium costs for insureds. The company’s winning formula results in higher hit ratios for new business, as well as higher policy retention for renewal accounts that benefit from SCIS loss control and claims services.
As a national platform for workers’ comp, SCIS is able to write business all states and include all insured entities on a single policy. Additionally, the company has access to multiple rating tiers, allowing SCIS to get to the right price for every risk. SCIS writes across a broad spectrum of industry segments with concentrations in Healthcare, Construction, Transportation, Manufacturing, Services, Hospitality, and Entertainment. SCIS also writes a significant volume of staffing business. SCIS is primarily known for specializing in challenged placements -- whether that is heavy exposure, difficult classes of business, non-renewals, accounts with recent losses, and those with high e-mods. However, with broad delegated underwriting authority, SCIS is also competitive in the standard market.

In order to effectively scale its service model, SCIS targets accounts with workers’ comp premiums in excess of $100,000 premium. The company has no upper limitations on premium and currently writes several accounts generating in excess of $1 million premium. Underwriting staff has extensive WC experience, with average tenure in the industry more than 30 years. Underwriters take a craftsman approach in their holistic review of each account. Underwriters are inquisitive and understand that each account, even those with poor loss history, have an underlying story. The SCIS in-house Advisory Services platform is custom designed for every account, to maximize improvement in loss experience and reduce costs for each insured. These services are provided at no cost to the policyholder.

SCIS is led by Steve Math, President & CEO. Steve is a well-known leader in the workers’ compensation marketplace, having previously served as SVP -- Underwriting and Field Operations for Texas Mutual, the leading provider of workers’ comp insurance in Texas. Steve is a Fellow of the Casualty Actuarial Society (FCAS) and has served as Chief Actuary at several carriers, including Argo Group, ACE-USA, and CNA – Standard Lines. Steve believes that a unique blend of qualitative and quantitative skills is required to deliver industry-leading underwriting results. However, workers’ comp insurance is more than just numbers. Steve and SCIS believe that every employee deserves to work in a safe workplace and return home safely at the end of every day. Our goal is to reduce the frequency of on-the-job accidents to as close to zero as possible. However, we do understand that workplace injuries are inevitable. In the unfortunate event of a workplace injury, every injured worker should receive the highest quality of medical care, and an efficient path back toward gainful, productive employment.

The SCIS journey has been exciting. Annual premiums under management are nearing $300 million and expected to reach $500 million in the coming years. SCIS loss ratios are consistently lower than industry averages, and countless policyholders have enjoyed industry-leading, VIP-level customer service, and lower costs. SCIS looks forward to expanding its industry-leading platform with new customers and partnerships.