According to our recent survey, lowering the Total Cost of Risk (TCOR) is a primary goal of Chief Financial Officers and Risk Managers. Are you using all of the latest tools and services to gain the greatest understanding of your key drivers of risk costs? Are you obtaining a technical awareness of the key causes and conditions of your program?
In a recent study released by the National Council on Compensation Insurance (NCCI), the authors describe a Workers Compensation system that pays more than Group Health to treat comparable injuries.
Most insurance and claims professionals appreciate the need to close claims as quickly as possible to avoid ongoing costs. For the majority of claims, this is done quickly and easily. However, for approximately 5-10% of the number of claims in a program, this is a difficult and time-consuming process.
Blackburn Group, Inc. contributes to the world by designing and creating Enterprise Risk Management and Claim Settlement Products and Services. We are recognized by A.M. Best Company as a Recommended Expert Service Provider in the Insurance and Financial industries.
Our Enterprise Risk Management and Claim Settlement Solutions include Risk Profiling and Benchmarking; Predictive Risk Analytics and Modeling; Total Cost of Risk (TCOR) Modeling and Management including Total Cost of Risk Calculation, Total Cost of Risk Definition Development, Total Cost of Risk Formula Development, Total Cost of Risk Worksheet Development, Total Cost of Risk Analysis, and Total Cost of Risk Insurance; Accelerated Settlement Medical Cost Projection Solutions; Medicare Set Asides (MSAs), Medicare Set Aside Trusts, Medicare Set Aside Accounts, Claim Management and Claim Settlement Solutions; Life Care Planning; Legacy and Chronic Claim Solutions; Regulatory Compliance; Claim Auditing; Quality Assurance; Insurance Management; Loss Control; Risk Education and Training; Risk Management Strategic Planning and Business Development; and Insurance Underwriting Management.
Our firm serves companies, self-insurers, insurers, reinsurers, brokers, captive insurance company domicile managers, actuaries, third party adjusters, nurse case management companies, attorneys, and their clients. Additionally, we have pioneered the use of technology to simplify the enterprise risk management workflow, decrease costs and improve the quality of programs throughout the industry. Our primary areas of concentration are all Casualty, Health, and Disability programs. To support our professional services, our RiskPro® technology solutions include a suite of products and services delivered through applications on Internet-based platforms.
Blackburn Group, Inc.
RiskPro® is a registered trademark of Blackburn Group, Inc.
