ZClaim Reduces Worker Comp Claim Loss by 40%

Our predictive model ranks new claims on day 0 based on a risk score, the higher the score the more expensive the claim will be. The top 10% claims count for more than 80% of the total losses. During the life time of a claim, as new information become available, the claim will be re-scored by the model. Our product generates alerts for those top 10% claims. Analysts worked on them first. By doing so, the claim loss is reduced by 40%. The following is a partial list of variables used by the model:

  • Age
  • Sex
  • Injury Body Part
  • Injury Cause
  • Length of Employment
  • Annual Salary

Leave a Reply

Your email address will not be published. Required fields are marked *