Claim severity, particularly in areas like Auto Bodily Injury Claims, and mass torts, have continued to rise by double digits over the past several years as social inflation has led to run away trial verdicts. The various aspects of Workers’ Compensation claims are also getting more expensive and challenging. At the same time, there are very innovative ways more ways than ever to utilize analytics to help manage high complexity and high severity and complex claims. Now, more than ever, it’s a good time to assess the complexity of your book’s mix and to understand what predictive analytics tools may be at your disposal to help support superior outcomes and decision making around things like: benchmarking outcomes, reserving, predicting which claims may become litigated, which claims are ripe for settlement and other key decision points.

Panelists:

Dan Link | VP, Consultative Analytics | Gallagher Bassett
Megan Nelson | Analytics Consultant | Gallagher Bassett
Carolyn Fahey | Executive Director | AIRROC (moderator)