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Sample data report dmsi

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  • 1. Analytical modeling is the starting point in understanding and observing a company’s risk bases as well as ascertaining the effectiveness of claim management and loss control activities. RSC has developed numerous analytical and decision-making tools to help clients and underwriters better understand a clients risk and to guide reductions in the overall cost of risk. Analytical modeling is effectively integrated into the marketing, servicing, claims and loss control activities of clients making it relevant to the overall risk management process. Our analytical modeling has multiple internal and external applications to our clients with regard to: • Forecasting • Identifying trends • Loss causes • Accrual and Collateral evaluations • Allocations • Benchmarking • Retention level analysis • Cash flow studies Properly annualizing losses is an important function to better focusing loss prevention and claim activities as well. It also creates accountability and validates management decisions regarding the treatment of risk in the organization.
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  • 3. Sample, Inc. Rate Comparison by Location Location 1 Loss Rate 2/1/09 Loss Rate 5/1/09 Location 2 Location 3 Location Location 4 Location 5 All-Year Rates Location 6 Q1 = 1.988 Q2 = 2.005 Location 7 Location 8 0 2 4 6 8 Q1 Q2 Loss Rate
  • 4. Sample, Inc. Estimated Cost at Various Loss Levels @ 10% Discount Rate Insurance Co. 1 1,700,000 Insurance Co. 2 Equilibrium is at Guaranteed Cost approximately $390K of losses. 1,200,000 700,000 Carrier Pick RSC Low Pick RSC High Pick $460K $530K $740K 200,000 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 Loss Levels
  • 5. Sample, Inc. Loss Breakout - Incurred by Site Location % of Site Location Total Incurred Incurred All Others Location 1 $ 394,559.56 39.99% 13.23% Location 2 $ 236,663.33 23.99% Location 3 $ 224,857.40 22.79% All Others $ 130,506.24 13.23% Location 4 $ 58,043.83 5.88% Location 5 $ 35,388.56 3.59% Location 1 Location 6 $ 26,169.82 2.65% 39.99% Location 7 $ 10,904.03 1.11% TOTAL $ 986,586.53 100.00% Location 3 22.79% Location 2 23.99%
  • 6. Sample, Inc. Loss Breakout - Incurred by Claimant Claimant % of Total Name Total Incurred Incurred Claimant 1 $ 525,861 29.76% Claimant 1 All Others Claimant 2 $ 313,579 17.75% 29.76% Claimant 3 $ 142,260 8.05% 35.58% Claimant 4 $ 84,444 4.78% Claimant 5 $ 72,189 4.09% All Others $ 628,675 35.58% Claimant 6 $ 67,349 3.16% Claimant 7 $ 67,000 3.16% Claimant 8 $ 66,107 3.11% Claimant 9 $ 48,597 2.28% Claimant 10 $ 47,102 2.21% Claimant 11 $ 45,515 2.14% Claimant 12 $ 43,350 2.04% Claimant 13 $ 36,255 1.70% Claimant 5 Claimant 14 $ 34,684 1.63% 4.09% Claimant 15 $ 34,492 1.62% Claimant 16 $ 34,196 1.61% Claimant 17 $ 29,001 1.36% Claimant 2 Claimant 4 Claimant 18 $ 25,959 1.22% 17.75% Claimant 19 $ 24,663 1.16% 4.78% Claimant 3 Claimant 20 $ 24,407 1.15% 8.05% Grand Total $ 1,767,007 100%
  • 7. Sample, Inc. Repeat Claimants - Largest Incurred Claimant Total % of Total Name Incurred Incurred Claimant 1 $ 525,861 30.93% 33.04% Claimant 2 $ 313,579 18.45% 30.93% Claimant 3 $ 142,260 8.37% Claimant 4 $ 84,444 4.97% Claimant 5 $ 72,189 4.25% Claimant 6 $ 561,675 33.04% Claimant 7 $ 67,349 3.16% Claimant 8 $ 66,107 3.11% Claimant 9 $ 48,597 2.28% Claimant 10 $ 47,102 2.21% Claimant 11 $ 45,515 2.14% Claimant 12 $ 43,350 2.04% 4.25% Claimant 13 $ 36,255 1.70% Claimant 14 $ 34,684 1.63% Claimant 15 $ 34,492 1.62% Claimant 16 $ 34,196 1.61% Claimant 17 $ 29,001 1.36% 4.97% Claimant 18 $ 25,959 1.22% 18.45% Claimant 19 $ 24,663 1.16% Claimant 20 $ 24,407 1.15% 8.37% Grand Total $ 1,700,007 100%
  • 8. Sample, Inc. Loss Breakout - Incurred by Body Part % of Body Part Total Incurred Incurred Spine $ 345,521.00 25.83% Spine Knee $ 256,467.61 19.17% 25.83% Wrist $ 224,056.81 16.75% All Others All Others $ 511,676.43 38.25% 38.25% Shoulder(s) $ 85,606.48 6.40% Foot $ 70,639.62 5.28% Neck $ 56,933.89 4.26% Lower back area $ 56,781.65 4.24% Ankle $ 49,595.84 3.71% Abdomen $ 40,320.17 3.01% Finger(s) $ 35,664.70 2.67% Hand $ 26,954.64 2.01% Disc $ 19,266.38 1.44% Upper back area $ 18,328.89 1.37% Knee Multiple Body Parts $ 12,744.33 0.95% 19.17% Upper Arm $ 11,997.44 0.90% Lower Leg $ 10,299.18 0.77% Face $ 7,484.15 0.56% Wrist Skull $ 4,941.12 0.37% 16.75% Eye(s) $ 4,117.95 0.31% TOTAL $ 1,337,721.85 100.00%
  • 9. Sample, Inc. Loss Breakout - Count by Site Location Total Site Location % of Count Count Location 1 66 15.53% All Others Location 2 169 39.76% 7.53% Location 3 158 37.18% Location 1 All Others 32 7.53% 15.53% Location 4 14 3.29% Location 5 7 1.65% Location 6 9 2.12% Location 7 2 0.47% TOTAL 425 100.00% Location 3 37.18% Location 2 39.76%
  • 10. Sample, Inc. Loss Breakout - Count by Claimant Claimant Claim % of Name Total Total Claimant 2 Claimant 1 Claimant 1 5 4.10% 4.10% 7.38% Claimant 2 9 7.38% Claimant 3 8 6.56% Claimant 3 Claimant 4 8 6.56% 6.56% Claimant 5 7 5.74% All Others 85 69.67% Claimant 6 6 1.63% Claimant 8 6 1.63% Claimant 4 Claimant 9 14 1.63% 6.56% Claimant 10 6 1.63% Claimant 11 5 1.36% Claimant 12 1 1.36% Claimant 13 3 1.36% Claimant 14 5 1.36% Claimant 5 Claimant 15 5 1.36% 5.74% Claimant 16 5 1.36% Claimant 17 8 1.36% All Others Claimant 18 9 1.36% 69.67% Claimant 19 8 1.09% Claimant 20 4 1.09% Grand Total 122 100%
  • 11. Sample, Inc. Repeat Claimants - Largest Claim Count Claimant Claim % of Name Total Total 9.57% Claimant 1 11 9.57% Claimant 2 9 7.83% 7.83% Claimant 3 8 6.96% Claimant 4 8 6.96% Claimant 5 7 6.09% Claimant 6 72 62.61% Claimant 7 6 1.63% 6.96% Claimant 8 6 1.63% Claimant 9 6 1.63% Claimant 10 6 1.63% Claimant 11 5 1.36% Claimant 12 5 1.36% 62.61% 6.96% Claimant 13 5 1.36% Claimant 14 5 1.36% Claimant 15 5 1.36% Claimant 16 5 1.36% Claimant 17 5 1.36% Claimant 18 5 1.36% 6.09% Claimant 19 4 1.09% Claimant 20 4 1.09% Grand Total 115 100%
  • 12. Sample, Inc. Loss Breakout - Count by Body Part Total % of Body Part Spine Count Count Knee Spine 2 0.53% 0.53% 9.36% Knee 35 9.36% Wrist 21 5.61% Wrist All Others 316 84.49% Shoulder(s) 17 4.55% 5.61% Foot 22 5.88% Neck 1 0.27% Lower back area 52 13.90% Ankle 25 6.68% Abdomen 8 2.14% Finger(s) 69 18.45% Hand 37 9.89% Disc 4 1.07% Upper back area 8 2.14% Multiple Body Parts 7 1.87% Upper Arm 8 2.14% Lower Leg 13 3.48% All Others Face 10 2.67% 84.49% Skull 16 4.28% Eye(s) 19 5.08% TOTAL 374 100.00%