john ykema, director of sales & marketing arthur frisch, president, i3 analytics

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Price like the Experts John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

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Page 1: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

Price like the ExpertsJohn Ykema, Director of Sales & MarketingArthur Frisch, President, i3 Analytics

Page 2: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

Price Like The ExpertsIntroduction of i3 AnalyticsArthur FrischCurrent IntegrationFuture Enhancements

Page 3: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

i3 Analytics

Technology• Data Visualization Software• Predictive Modeling and Machine Learning• Web-Based Mobile Applications

Our MissionImprove and enhance the value of our clients’ data by implementingpositive changes to company culture and analytical processes.

• RiskMD was formed in 2013 with offices in Orlando, Florida and commands 100+ years of insurance experience.

• RiskMD technology has processed more than $51 Trillion of payroll, premium and claims data since inception.

• RiskMD technology serves carriers, reinsurers, third party administrators, agencies and wholesalers in the P/C industry.

Services• Property & Casualty Analytics• Mergers & Acquisitions Due Diligence• Financial Data Consulting and Auditing

Page 4: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

How do you know if you’re charging enoughfor workers’ compensation?

Carrier Rate Adequacy• Understanding the true performance of an exposure• Pricing according to your profitability goals

Growing Your Business• Assessing projected performance in a state or occupation• Unbiased justification for pricing changes

BUSINESS CASE:

65%Loss Payout

30%Fixed Costs

5%Combined Ratio

Page 5: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

Workers’ Compensation Data Life Cycle

Bureau Unit Stat Data i3 Analytics

NCCIIndependent

State Bureaus

WC Claim

WC Claim

WC Claim

i3 Aggregate Industry

Database

Carrier Claim Data

Page 6: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

Do you realize you could be losing money by paying your clients to be on your workers’ compensation program?

Optimized Pricing

Our predictive analytics, now built-in to your ClientSpace system, allows you to quickly and easily calculate the optimal billing rate for your clients.

Industry Data

ClientSpace now accesses i3 insurance bureau and predictive data, the most credible data available consisting of over $51 Trillion of payroll and over $200 Billion of premium.

Red Flag Alerts

Would you like to know that a particular work comp code or a job in a state historically averaged a 150% loss ratio or had an average claim cost of $50,000?

Easy-to-Use

No spreadsheets, no long reports. Your optimized billing rate along with industry analytics and potential red flags are built right into ClientSpace!

Page 7: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

Current i3 Integration• Retrieve Real-time

Analysis Data• Data Stamped on Pricing

Comp Code record and available for Reports.

Page 8: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics

Future Enhancements• Analytical Popups right from the Pricing

Console. This means that you won’t need to have reports to review the data in aggregate.

• Claim Management Data – Pulling data for each comp claim that will help you determine the projected claim amount and close date.

Page 9: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics
Page 10: John Ykema, Director of Sales & Marketing Arthur Frisch, President, i3 Analytics