Analytics are changing risk management, which is why we’ve made it a core theme in each step of our MPACTSMapproach. We continue to invest in best-in-class tools and technology, and leverage our workers’ compensation data set to help drive a disciplined approach to risk-based decisions and reduce workers’ compensation total cost of risk (TCOR). Our analytic tools can help:
- Benchmark insurance program parameters and pricing.
- Compare loss trends and pre- and post-loss metrics against peer companies and industry best practices.
- Identify the unique cost drivers of your workers’ compensation program.
- Fine-tune solutions to maximize your cost-containment efforts and improve bottom-line performance.
- Help you choose the optimal risk transfer and insurance structure to lower TCOR while meeting your organization’s risk tolerance goals.