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Workers Compensation Diagnostic

Our solutions-oriented tool assesses your claims handling process and evaluates the efficiency of your workers compensation program, identifying ways to reduce future losses.

Workers Compensation Diagnostic evaluates your loss history across nine key metrics. For each metric, we compare your experience across Willis Towers Watson's proprietary database of claims and exposures, diagnosing your strengths and weaknesses. The tool not only diagnoses your program’s current position, but also evaluates the projected savings created by various prospective cost containment solutions and their impact to EBITDA.

Our precise evaluation of your claims efficiency:

  • Goes beyond benchmarking and evaluates your experience relative to the baseline, reflecting your specific industry and geographical profile
  • Lists your top causes of loss and evaluates patterns in the data, helping you identify loss drivers and rectify process gaps
  • Immediately quantifies the benefit of pre- and post-loss customized cost containment solutions based on your loss experience and risk profile
screen shot of tool
Workers Compensation Diagnostic tool screenshot

Why should you use Workers Compensation Diagnostic?

  • To analyze claims and safety practices and identify areas for improvement to minimize future losses
  • For a scorecard that compares your claims experience with peers based on your state and industry mix

For whom is it appropriate?

  • Ideal for clients that want to assess the financial benefit of claims solutions and have expected workers compensation retained losses totalling at least $2 million
  • Useful as a claims scorecard for any clients with average annual losses in excess of $100,000

What geographies does this tool support?

  • The Workers Compensation Diagnostic supports clients with employees in the United States (the 50 states and Washington D.C.).
screen shot of tool
Workers Compensation Diagnostic tool screenshot

When should you use the Workers Compensation Diagnostic?

  • Evaluate your retained loss experience when planning for budgets, accruals and insurance renewals
  • Throughout the year to evaluate internal and third-party claims vendors and to identify trends

What can you do with the information gained from Workers Compensation Diagnostic?

  • Implement procedures to reduce workers compensation costs
  • Evaluate specific prospective pre- and post-loss claims management solutions
screen shot of tool
Workers Compensation Diagnostic tool screenshot

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