Risk managers seeking to keep Workers' Compensation costs down would do well to utilize claims data and perform analyses that could help them avoid the most expensive claims.
In another of its ongoing discussions about risk, Marsh, the insurance-brokerage arm for Marsh & McLennan Cos., emphasized the value of data-crunching during a webinar titled "Controlling Workers' Compensation Claims Costs."
Scott Robinson, principal of CS STARS, a provider of proprietary risk-management technology tools, notes that when executives begin to sift through the mounds of data available to them from current claims, they can identify cases that incur the most expense.
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