Focusing on the outcome of claims and examining measurablemetrics relating to them can help companies better manage theirworkers' compensation costs, industry experts said in a conferencecall on Wednesday.

Speaking during an audio conference hosted by Marsh, CharlesMartin, leader of the company's Workers' Compensation ClaimPractice, noted that "the number of workplace injuries has beendeclining since 1991." He added, however, that this decline issimultaneous with an increase in the costs of a claim.

Focusing on the outcome and how this can be effective isimportant, said Pamela Hobbs, Workers' Compensation Practiceinnovation leader at Marsh.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.