Comments on: Comparing Two Workers Compensation Experience Mods

By: Reasons 1 and 2: Why Mods Increase and What You Can Do About It « The WorkCompEdge Blog

Thu, 11 Feb 2010 14:50:30 +0000

[...] new mod comparison report provides a lot of good information to investigate a mod increase. The average expected loss ratio [...]

By: WorkCompEdge Blog Editor

WorkCompEdge Blog Editor — Thu, 05 Nov 2009 15:26:35 +0000

Wow, Hope, and we thought we were doing good to compare 2 mods. Seriously, we’re always interested to know what our clients are doing and what there challenges are. Are you trying to graph ONLY summary information, like the overall mod value and total estimated premiums, and possibly other total values? If so, we may be able to help you. I’ll email you for more details!

By: Hope Kjeseth

Hope Kjeseth — Tue, 03 Nov 2009 15:20:55 +0000

I would like to see this report have the ability to compare more then two mod files at a time. I’m currently trying to figure out how to graph 5 years of mods and premiums in Excel……not going well. I figured since all of this information is in ModMaster it would be great to see it do this for me. Let me know if this is possible!

Hope Kjeseth
COMPTROL a division of Kraus-Anderson Construction

By: WorkCompEdge Blog Editor

WorkCompEdge Blog Editor — Thu, 22 Oct 2009 20:25:05 +0000

Thanks to all of you for your comments! Payroll is clearly a desirable addition, so we’ll get right on that. I don’t *think* it will be too hard to add, so I’m optimistic we can get that in an update before the end of the year. – Kory

By: Keith Nelson

Keith Nelson — Thu, 22 Oct 2009 14:16:54 +0000

I like having another format to explain the changes. The graphs work great, but some individuals relate to numerical comparisons better.
I hope you decide to include the payroll numbers also. It will help explain the effects of changes in headcount and classifications.

By: John Moredock

John Moredock — Thu, 22 Oct 2009 14:10:32 +0000

I agree, Payroll Totals would be a beneficial addition ot this report.

By: Susan Sparks

Susan Sparks — Wed, 21 Oct 2009 21:28:07 +0000

very excited about this report. Make my job easier and future training will be better for our staff

By: WorkCompEdge Blog Editor

WorkCompEdge Blog Editor — Wed, 21 Oct 2009 20:53:57 +0000

Glad to hear you and your producer are happy with the new report, Margaret. We have occasionally helped our users unravel the mysteries of a mod that changed from year to year, so I definitely know your pain of doing it the hard way! – Kory

By: WorkCompEdge Blog Editor

WorkCompEdge Blog Editor — Wed, 21 Oct 2009 20:51:12 +0000

We’re glad to hear that you’ve already been using the Mod Comparison report, Mike – and that you noticed the True Cost of Loss by Policy Period report, too. I’ll be talking about it in a future article! – Kory

By: Margaret Gloudeman

Margaret Gloudeman — Wed, 21 Oct 2009 20:19:21 +0000

One day my producer asked me to do a comparison on why a client’s mod had changed. I used excel to complete the task. Then I went to my emails and found update 9.08 in my inbox, along with the note about the mod comparison report!!!!!

This is a great time saver! And my producer loves it!

Thank you for creating this report.

By: Michael Glapion

Michael Glapion — Wed, 21 Oct 2009 19:09:57 +0000

I have been using the Mod Comparison Report since is became available in the 09.08 Update. It is a tremendous report and helps to focus the insured’s attention to just what is happening with his/her loss experience. This report coupled with the Specific Loss Detail Sensitivity Report go a long way to helping an insured understand how their mod is impacting their premium as well as developing an appreciation for the minimum mod.

Thanks for this improvement along with the True Cost of Loss by Policy Period Report. Including the payroll is a great idea.

Mike,
Director, Risk Management Services
Gillis, Ellis & Baker, Inc.