NCCI Large Claims Video And Medical Trend Analysis
Check out this 10-minute NCCI Large Claim video – yes, it is worth your time. Videos are rarely posted on this website unless they can help out the readers. This one is very helpful.
Mark Walls of Safety National (good guy to know) wrote about his concerns that the large claims are not analyzed that well in the Rating Bureau system as they drop off the Experience Mod Factors in a few years or the Ultimate Claims Cost Factors (self-Insureds).
Earlier this year, NCCI’s Cristine Pike invited me to cover their Annual Issues Symposium (AIS 2023) in Orlando. I took her up on her offer and traveled to Florida to see all the sessions. I learned so much in two days that I had info overload.
The articles that I wrote from the conference sessions can be found below.
2023 NCCI AIS 2nd Morning Medical Costs + Mega Claims
2023 NCCI AIS 2nd Morning Tidal Wave of Great Statistics
2023 NCCI Annual Insights Symposium -System Is Healthy
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Intro to NCCI Large Claims Video And Medical Trend Analysis + Guides
NCCI experts Sandra Kipust and Anae Myers (also one of the AIS presenters) share key insights on large claims and medical trends in comp.
In 10 minutes or less, we identify what drives utilization, why it matters, and how NCCI is segmenting large claims (over $1M), which can help us to better estimate ultimate claims costs.
Additionally, we have 2 valuable in-depth guides for more information on these topics:
Under the Microscope: Medical Trends in Comp
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Bottom Line
Take 10 minutes to check out this NCCI Large Claims video. The large claims analysis was split into two different categories (2 years pre-and-post injury) which was very helpful. The medical trends in WC covered in this video showed a trend of moving away from back injuries – surprising to me.
