1 / 18

Workers Compensation Data Sources

This resource outlines the primary sources of workers' compensation data, including those from the National Council on Compensation Insurance (NCCI), independent state bureaus, and various government agencies. It covers essential datasets such as annual statements, vendors, and in-house data. Key insights into premium trends, injury distributions, and claims severity across different states are included. Emphasis is placed on statistical resources, development factors, and industry reports that aid in understanding workers' compensation dynamics and trends.

hang
Télécharger la présentation

Workers Compensation Data Sources

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Workers Compensation Data Sources Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  2. Major Sources of Workers Compensation Data • NCCI • Independent States’ Bureaus • Government Agencies • Other • In-house data • Annual statements • Vendors • Industry Associations Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  3. NCCI Data • NCCI Data Resources • ELF Books • Schedule Z data • Annual Statistical Bulletin (ASB) • State of the Line Report • Rate Filings • PricePoint • Detailed Claim Information (DCI) Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  4. NCCI Data • ELF Books • Injury Type by Hazard Group Distributions • Indemnity and Medical trend rates • Indemnity and Medical case-incurred development factors as well as severity development factors, but only for the first three report years • Of course, ELF parameters by State, Injury Type, Hazard Group • NCCI is currently filing new ELFs based on a new procedure. These ELFs are becoming less severe for the layers that reinsurers care most about. Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  5. NCCI Data • Z-Data • Developed or undeveloped loss counts and amounts for each year at 1st through 5th report by state/class code/injury type • Also standard and manual premiums as well as payroll data • NCCI only has this for NCCI states, but all the independent bureaus make this data available, too. Most independent states provide undeveloped data along with non-injury type specific LDFs. Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  6. NCCI Data • ASB is a treasure trove of information, including: • Premium Level Changes by year for countrywide and by state • Benefit Level Changes by state • Five years of calendar year experience by state and countrywide • Average Weekly Wages by state for 5 years Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  7. NCCI Data • ASB data (continued): • Ground-up Accident Year paid and case-incurred development (including tails!) for: • Indemnity, Medical and Combined • countrywide and by state • Average Severity by injury type and state • Frequency by injury type and state • Injury Type Distributions by state Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  8. NCCI Data • State of the Line Report • Accident Year and Calendar Year Loss Ratios for the industry • Frequency and severity trends for lost-time claims • Rate level changes including schedule credits • However industry-wide and not by state Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  9. NCCI Data • Rate Filings • Loss Costs • Trend • Development • Onlevel • Rate adequacy • However, these are on bureau rate/loss cost level and ignores deviations (company filed, schedule credits, etc.) Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  10. NCCI Data • PricePoint • Rate Level info • Filed bureau rate/loss cost • Final charged premium • By state and governing class • However only available for primary carriers Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  11. NCCI Data • Detailed Claim Information • Average and median severities going back 10 accident years from a sample of claims • Medical, Indemnity and Total • By state (only NCCI states) • A lot of other claim info such as • with or without attorney involvement • nature of injury • other stuff, too Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  12. Independent States’ Bureaus • Independent Bureaus • Data from them not as standardized • Some bureaus (e.g., CA) perform many detailed studies • Common to all • Rate level histories • Schedule Z data • Rate filings • ELFs Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  13. Independent Bureaus’ Websites • www.nycirb.org (NY) • www.njcrib.com (NJ) • www.pcrb.com (PA & DE) • www.wcribma.org/mass/Actuarial/data.aspx (MA) • www.wcirbonline.org (CA) Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  14. Government Agencies • Bureau of Labor and Statistics • Injuries, Illnesses, and Fatalities (IIF) • Frequencies for fatal and non-fatal injuries • Distributions of injuries by many variables: • Gender, Age, Body Part of Injury, etc. • Lost time bands • National Compensation Survey (NCS) • Payroll information • Wage trends • State Governments have data, too. Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  15. Sample of BLS’s IIF Data

  16. Other Data Sources • Reinsurer’s in-house data • From the reinsurer’s own experience • From submissions • Annual Statement-based data • Best’s Aggregates and Averages • Ceding company or competitors’ Schedule P • OneSource Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  17. Other Data Sources • Vendors • Workers Compensation Research Institute • Workers Loss Data Institute • Conning • Industry Associations • RAA, especially the Loss Development Study • Council of Insurance Agents & Brokers (CIAB) • CIAB website contains their quarterly survey of rate changes for many lines Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

  18. Some More Websites • www.bls.gov/ncs/ (wage trends and payroll info) • www.bls.gov/iif/home.htm (Job injury data) • www.workerscompresources.com • www.ilr.cornell.edu/library/subjectGuides/disabilityAndTheWorkplace.html Moshe D. Goldberg, FCAS CARe Seminar June 6-7, 2005

More Related