wait a minute, isn’t a Worker’s Comp marketplace in which insurers are collectively making negligible profit the kind of marketplace we want? doesn’t this mean that every year, some players are coming out ahead while others are losing? each company has different appetites and specialties; we want the market to be liquid and competitive. a marketplace where all insurers are making a profit of 0 is one where the risk has been effectively transferred from the insureds. there are plenty of carriers who deliberately use the comp in order to get other, more profitable lines of business.
This article articulates a solid launching pad for reducing claim costs. There are detailed, strategic, analytical approaches to hands on claims managment that go forward from here and result in significant savings.
I have developed successeful programs which reduce employer/carrier costs by 45% or more. Workers’ Compensation can be profitable, it is all about detailed, hands-on management of the medical and claims facts.
As a 25 year industry Veteran, all truths remain just that and it is true “The devil in in the details” Manage them well, and you will be very successful.
This article is like “15 minutes could save you 15% on your car insurance.” Everybody knows that.
Boy howdy, this article makes me want to hire this consultant! Who knew?
wait a minute, isn’t a Worker’s Comp marketplace in which insurers are collectively making negligible profit the kind of marketplace we want? doesn’t this mean that every year, some players are coming out ahead while others are losing? each company has different appetites and specialties; we want the market to be liquid and competitive. a marketplace where all insurers are making a profit of 0 is one where the risk has been effectively transferred from the insureds. there are plenty of carriers who deliberately use the comp in order to get other, more profitable lines of business.
This article articulates a solid launching pad for reducing claim costs. There are detailed, strategic, analytical approaches to hands on claims managment that go forward from here and result in significant savings.
I have developed successeful programs which reduce employer/carrier costs by 45% or more. Workers’ Compensation can be profitable, it is all about detailed, hands-on management of the medical and claims facts.
As a 25 year industry Veteran, all truths remain just that and it is true “The devil in in the details” Manage them well, and you will be very successful.