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How Relevant is the Work Comp Experience Mod?

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Quick Overview

First presented in 2014, Frank Pennachio brings back this timely session on the impact of technology, data mining, and machine learning on workers' compensation. His thesis: the experience modification factor does not have the same level of influence on account pricing.

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$129.00

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Duration	1 hour
Location	Online Webinar
Formats	On-Demand
Instructor	Frank Pennachio

Changes in technology and data analytics have significantly impacted how insurance companies underwrite and price workers' compensation policies. As a result, the experience modification factor does not have the same level of influence on pricing. In addition, the experience mod may actually become a barrier to insurance companies to make offers and write the account.

Participants will learn:

How the "big data" movement is changing work comp underwriting and pricing
How the influence of the experience mod on pricing is eroding and creating agent challenges
What is not likely to change and how to prepare for those conversations
How to get out in front and prepare your clients and prospects for these changes
How to leverage these changes to get in front of your competition and make more sales

$129.00

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