predictive analytics

Workers Comp Algorithms – Who Is Pushing the Model Buttons?

Workers Comp Algorithms – How Far Have They Progressed? The panel discussion yesterday with Frank Pennachio covered one hot topic – Workers Comp Algorithms. I do agree that almost everything in existence today has an algorithm attached to it. All one has to do is pick up their smartphone.  You

Workers Comp Predictive Analytics Changed Loss Run Reviews Forever

Workers Comp Predictive Analytics – Do Not Ignore Old Open Claims  One of the big changes with loss run reviews started with the carriers and now the whole insurance industry not ignoring the old open claims. Workers Comp predictive analytics has changed how old open claims are evaluated in underwriting. 

Predictive Analytics Is Now Opioid Buzzword Replacement

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 am referring to workers compensation only.    Predictive analytics for other lines of casualty insurance such as auto and property damage has shown some promise

Work Comp Predictive Models vs Gut Feelings – The Winner Is(?)

Work Comp Predictive Models There are so many articles on Work Comp predictive models out in the blogosphere.   Many taut their ability to see into the future.   I am not a big fan of predictive models as I have yet to see and am still waiting on one

Predictive Model For Workers Comp Misunderstanding

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 few emails were received that indicated there were many great software products for predicting E-Mods and other variables in Workers Compensation. In the original article,

Workers Compensation Predictive Modeling Will Never Work

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 groups on LinkedIn,  there are many discussions on this very matter. There are many predictive models on WC.  Those models usually leave the observer with

Possible 75% Savings on Workers Comp Premium From My Studies

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 on predictive modeling in Workers Compensation.  I had mentioned there were two studies that I performed in the recent past on a group of 7,000

Predictive Modeling For Workers Compensation – Data On Horizon?

Workers Comp Predictive Modeling – Big Data Is The Key The Workers Comp predictive modeling prognosticators say that predicting workers comp data is on the horizon.  I was just reading over Mark Wall’s Work Comp Analysis Group in LinkedIn. If you are in Workers Comp and you do not follow

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