Workers Comp Predictive Analytics Changed Loss Run Reviews Forever
03/09/21 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. Public Use Wikimedia License – Keepscases Years ago, I wrote numerous articles that pointed to only considering claims that were going to be fed into the Experience Mod system. I even said that predictive systems would not workin workers' comp. That statement still stands. I wi...
Source: workerscompensation.com