Technology is driving down claims frequency in workers' comp
from Insurance Business Magazine
The use of technology in the workers' compensation space is bringing significant, and positive, changes to this insurance market. Claims frequency is falling, which in turn is driving down rates everywhere, according to one expert. "We think it's due to insurance companies doing better on the claims of their policyholders by using technology to drive down the number and severity of those claims," said Jim Mitchell, vice president of workers' compensation, and accident and health at All Risks.
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