Is the Work Comp Experience Mod Becoming Obsolete?
Interactive

Is the Work Comp Experience Mod Becoming Obsolete?

Academy of Insurance
Updated Nov 30, 2020
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Changes in technology and data analytics has significantly impacted how insurance companies underwrite and price workers’ compensation policies. As a result, the experience modification factor does not have the same level of influence on pricing. In addition, the experience mod may actually become a barrier to insurance companies to make offers and write the account.
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