This model calculates the real cost of claim lag in workers compensation and provides an easy ROI justification for a FROI/FNOL application. It leverages studies and data released by NCCI as well as Hartford Financial Services Group. The cost projections illustrated here are for a hypothetical carrier with a workers compensation book of $100MM in …
An Ajira AI model estimating the real cost of claim lag Read More
10 Considerations for Insurers – August 10, 2022. Revised January 13, 2023. In 2017, mobile device use for internet traffic surpassed desktop device internet traffic for the first time in the North America and the gap continues to widen.[i] Today, smartphones account for 54%, desktops/laptops for 42%, and tablets for 4% of internet traffic respectively.[ii] …
Mobile platform drivers and deployment, an Ajira AI white paper Read More
Carriers and self-insureds have a common goal in minimizing the cost of workers compensation claims. Prompt reporting of accidents and injuries should always be stressed and with good reason. Claim lag is one of the contributing factors that results in higher workers’ compensation claim costs. Claim lag is defined as the number of days between …