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Claim Trends: Fiscal Year 2018-2019

Claim Trends: Fiscal Year 2018-2019. Andrew Justice, CPCU, MBA, AIC, ARM, AU, CLCS Underwriting Analyst. Identifies causes Frequency trends (number of claims) Severity trends (cost of claims ). Loss Prevention Techniques. Hazard Communication Training and Inspection

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Claim Trends: Fiscal Year 2018-2019

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  1. Claim Trends: Fiscal Year 2018-2019 Andrew Justice, CPCU, MBA, AIC, ARM, AU, CLCS Underwriting Analyst

  2. Identifies causes Frequency trends (number of claims) Severity trends (cost of claims)

  3. Loss Prevention Techniques • Hazard Communication • Training and Inspection • Injury and Illness Prevention Program • Ergonomics The best approach for loss prevention is proactive and preventative.

  4. Loss Reduction Techniques Report claims immediately. Time is money. Use preferred medical providers to administer quality medical treatment. Review the status of large claims on a regular basis. Establish a Return-to-Work program.

  5. Claim Type Frequency

  6. Claim Type by Frequency

  7. Claim Type Severity

  8. Claim Type Severity

  9. Frequency by Department

  10. Severity by Department

  11. Body Part Frequency

  12. Body Part Severity

  13. Top Causes: Frequency

  14. Top Causes: Severity

  15. Claim Trends: FY 18-19 Spotlight Decreased Indemnity Claim Frequency No Catastrophic losses No Fatalities

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