Combined Ratio Difference Debate – Calendar vs. Accident Year
Combined Ratio Difference – Different Numbers Show Improvement The Combined Ratios of the Rating Bureaus and the carrier-reported numbers have always been a subject of
Many Workers’ Compensation statistics are actuarially-based figures produced by a rating bureau. Others are general statistics that measure other parts of the workers’ compensation process such as Loss Ratio, Combined Ratio, etc.
Combined Ratio Difference – Different Numbers Show Improvement The Combined Ratios of the Rating Bureaus and the carrier-reported numbers have always been a subject of
Workers Comp Fatality Statistics – Solid Governmental Numbers I have used the Workers Comp fatality statistics and accident rate numbers from the Bureau of Labor
20 Year Business Cycles Show Need For Long Tail Experience Mods Would long tail Experience Mods benefit employers and insurance carriers? Let us first look
Workers Comp Algorithms – How Far Have They Progressed? The panel discussion yesterday with Frank Pennachio covered one hot topic – Workers Comp Algorithms. I
Workers Comp Predictive Analytics – Do Not Ignore Old Open Claims One of the big changes with loss run reviews started with the carriers and
COVID-19 Pandemic Statistical Madness – Whose Numbers Are Correct? The COVID-19 Pandemic statistical madness has reached epic proportions. I usually do not stray from Workers
Workers Comp Statistical Significance Better Known As The Benchmark Most discussions and articles concerning Workers Comp Statistical Significance center on the Experience Modification Factor and
Workers Comp Combined Ratio Questions Asked By Readers Over The Last Week Workers Comp Combined Ratio remained a hot topic from last year. Last week,
Keep These Workers Compensation Numbers Close For Quick Access The first two main workers compensation numbers involve knowing where your worker’s compensation program is currently.
Workers Comp Data Carveouts – Are You Guilty of Sampling Errors? The concept of Workers Comp data carveouts surfaces more now that employers look to
Workers Comp Claim Analytics – Hot Subject Leaves Me Cold Most workers comp claim analytics posts I have written was in search of a good
US Combined Ratio Falls Even Further to Historic Lows US Combined Ratio Results The US had its best Combined Ratio last year since the 1950s and
MVA Workers Compensation Accident Increase Possibly Linked To Smartphones The Workers Compensation accident increase reports are a thing of the past. All of us know
Shocking Results at NCCI Virginia Advisory Forum – All Good The NCCI Virginia Advisory Forum showed a strong Workers Comp market. The strong market is
Predictive Analytics Replaces Opioid Buzzword Predictive Analytics for workers compensation claims adjusting still has not proven itself as a cost saver. Please note that I
Statistical Proportions – A Guide To the Quick and Dirty Estimator I use statistical proportions as a very fast way to make predictions when you
Accident Curve And Natural Disasters The accident curve measures the accident rate lessening per unit of work time. The concept has been debated over
NCCI Workers Comp Statistic Combined Ratio Smoking One workers comp statistic stood out the August 3rd NCCI Virginia State Advisory Forum. Actually, it exceeded even
How Can Workers Comp Statistics Madness Be Cured? One of the supposedly important Workers Comp Statistics based articles appeared last week. The study and
Insurance Trends vs. Paper Clips Analytics The analysis of most insurance trends involves many innocuous spreadsheets that only gives the reader headaches. I was
Have Work Comp Claim Analytics Arrived? A Work Comp Claim Analytics package is something that I have been in search of for many years. Can
Work Comp Predictive Models There are so many articles on Work Comp predictive models out in the blogosphere. Many taut their ability to see
Workers Comp Accident Rates Do Spring Forward Do Workers Comp Accident Rates twice per year? According to a recent article I came across- not necessarily.
E-Mods LDFs Are Like Credit Scores Are E-Mods LDFs like credit scores from hell? Over the past few months, I have presented this material at
Work Comp Combined Ratio Under 100 The subject of Work Comp Combined Ratio seems to be appearing more in the insurance press lately. I was
Loss Development Factor Critical For Self Insurance Do I need Loss Development Factor? Loss Development Factors (LDFs) are one of the under-the-radar parts of the
CBO Predictions Bad Sign For Work Comp The CBO predictions mean a big ouch for WC. The recent revision by the Congressional Budget Office (CBO)
A Great Workers Comp Study With No Claims or Risk Input A recent Workers Comp study on Zero Cost Claims makes me wonder if the researchers
Statistical Madness – Eating While Driving More statistical madness was created with another shining example this month. Over time, a few Workers Comp statistics articles
Prior WC Predictive Model Article Was Referring To Claim Reserves Last Friday, I published a blog article on a predictive model in Workers Compensation. A
Workers Compensation Predictive Modeling One of the more popular buzz phrases now is Workers Compensation predictive modeling. If one looks at any of the WC
The Accident Curve Comes From The Learning Curve There has been a large amount of recent traffic and buzz on the articles in the blog that
National Academy Of Social Insurance (NASI) The NASI takes on a monstrous task every year of attempting to make sense of Workers Comp data on
Economic Recovery Begets The Learning Curve Dark Side The economic recovery may happen soon – or then again possibly not for a long time. One
Real Study Results Are Sometimes Hard To Find The real study results are sometimes hidden or not even included in the article itself. Workers Compensation
Workers Comp Data – From The Inside Out Most Workers Comp Data analysis reeks of being too standard in nature. Workers Comp and general insurance
Reinsurance Market No Longer Soft The reinsurance/excess Insurance Market has started to change from a commodity marketplace. The excess insurance market is usually the bellwether
Workers Comp Claims Spike May Show Need For More Training Does a Workers Comp Claims spike have an easy solution? In my last post, the
Spike In Workers Comp Claims Post Natural Disaster Hurricane Sandy could cause a spike in Workers Comp claims? New York, New Jersey, and many
The Workers Comp Claims Explosion Due To Learning Curve Will a workers comp claims explosion occur in the next few years? The economy is going to
Presentation Highlights – Safety and EMods Are Very Related How Safety and EMods intermingle was the basis for most of the highlights from my presentation. The
Possible 75% Savings – Study Results Below It’s possible to experience a 75% Savings according to the results of my WC studies. Yesterday, I blogged
Workers Comp Predictive Modeling – Big Data Is The Key The Workers Comp predictive modeling prognosticators say that predicting workers comp data is on the
Workers Comp Statistics Come With Many Caveats The Workers Comp statistics production is one area that I have noted a sharp increase in over the
Self Insured Pools Are Really Worth It ? Self Insured pools for Workers Compensation can be a great risk management technique. An employer that is
Captive Reserve Question Concerning LDF’s A good question about Captive reserve from readers. I am responding to a question from Wayne on this post. I
Workers Comp Self Insureds Have an LDF The LDF (Los Development Factor) equates to the E-Mod for self insureds. I have posted a few times
Term Of The Day – Regression Analysis A long standing debate has been occurring between myself and actuaries over whether or not that Regression Analysis
Term Of The Day – Loss Development Factor The Loss Development Factor is also known as LDF is an element used to adjust losses to
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