Take a proactive, cost-saving approach to workers’ compensation with direct access to WTW Workers’ Compensation Diagnostic.
Workers’ compensation claims data can provide a wealth of insights. But these insights are often difficult for time-pressured risk managers and employee health and safety professionals to uncover.
Workers’ Compensation Diagnostic helps you quickly identify what’s driving your workers’ compensation costs, uncover inefficiencies and visualize the financial impact of recommended pre-loss and post-loss mitigation measures.
Our software also gives you early warning on the open claims that require your urgent attention to prevent greater losses.
Workers’ Compensation Diagnostic provides an interactive platform for you to partner with experts throughout WTW, such as claims and reserving experts, allowing you to optimize both your loss experience and market perception.
How can you manage claims and reduce costs with enhanced workers’ compensation analytics?
We’ve updated Workers’ Compensation Diagnostic so it’s an even more powerful optimization tool for allocating resources while minimizing expenses.
With 19 unique outputs, you can now get more detailed data on claim trends, duration, and cost drivers, helping you manage claims more effectively and reduce costs.
With enhanced, granular insight, you can better measure and monitor performance, refine mitigation strategies, identify and address issues that prolong claim durations.
How can you access workers’ compensation insights tailored to your operations?
The claims analysis dashboard lets you quickly identify your pain points, isolate ways to optimize your workers’ compensation risk management and lower your total cost of risk.
Claim baseline tab summarizes your claims data, helping you to quickly spot trends and irregularities and enabling quick and decisive action.
Claim insight tab allows you to interrogate your performance according to both location and policy year so you can easily spot operational efficiencies contributing to the ultimate cost of claims.
Cost drivers tab lets you identify key groups, regions, and claim types that are driving claim costs. Use this information to zero in on specific claim management elements and organizational policies and practices.
What are the benefits of communicating workers’ compensation insights your way?
Our enhanced interface means you can choose the most effective way to communicate your workers’ compensation data to fit your colleagues, board’s or pre-loss teams’ preferences.
As well as detailed claims analysis, you can benchmark your performance on nine key performance indicators, tailoring your analysis to your organization’s specific profile.
Choose visual or numerical data presentations, switching seamlessly between graphs and tables.
To take control of workers’ compensation costs with direct access to robust Workers’ Compensation analytics, get in touch with one of our specialists today.
Disclaimer
WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
