Liberty Mutual has enhanced its predictive model used to analyze workers’ compensation claims.
The insurer says it improved the model, first developed in 2004, in order to identify the small percentage of workers’ compensation claims at risk to drive the majority of total claim costs. Features of Liberty Mutual’s next-generation predictive model include broader data capture, more sophisticated multivariate analysis, more frequent model runs and tools that enable claims professionals to take action sooner.
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