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Ep. 158: Frequency vs. Severity | The Impact of Claims Big and Small
Manage episode 491881085 series 3048951
In the world of workers compensation, loss runs affect a business's risk evaluation. Underwriters look carefully at a company's claim history. This process gives them an understanding of how frequently claims are happening, how severe they are, and if a business is putting effort into reducing workplace risk. Learn the differing impact of claim frequency versus claim severity on a business' s risk evaluation with Becky Duello, Senior Underwriter at MEM.
161 episodes
Manage episode 491881085 series 3048951
In the world of workers compensation, loss runs affect a business's risk evaluation. Underwriters look carefully at a company's claim history. This process gives them an understanding of how frequently claims are happening, how severe they are, and if a business is putting effort into reducing workplace risk. Learn the differing impact of claim frequency versus claim severity on a business' s risk evaluation with Becky Duello, Senior Underwriter at MEM.
161 episodes
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