Fairfax, Va. — The Public Entity Risk Institute (PERI), a nonprofit research institute focused on risk management training and education, announced significant growth in the PERI Data Exchange, a risk management benchmarking and performance management program designed to support public sector organizations in analyzing liability and workers’ compensations claims, during 2008.
In 2008, the total claim count in the Data Exchange reached unprecedented levels, the organization reports, with the number of workers’ compensation claims increasing 342% and liability claims 322% over the same period in 2007. The number of public entities submitting claims to the Data Exchange also realized considerable growth with participation increasing more than 50% for workers’ compensation and more than 68% for liability.
“The record growth that we have seen in the Data Exchange this year signifies increased awareness on the part of government entities of the value of benchmarking and performance measurement to control costs,” explains Mary Stewart, ARM-P, CPCU, director of research and development at PERI. “In this current economic climate, government entities of all sizes are challenged to find more ways to curb costs while maintaining expected levels of service. The Data Exchange is gaining broad recognition as a powerful tool for assisting governments in identifying areas where improvements can be made to reduce expenditures.”
Participants in the Data Exchange include cities and towns, counties, higher education institutions, housing authorities, public school districts, public transit agencies, special districts and state governments from 29 states. Many of these government entities are represented by public entity risk pools. Currently, 51 risk pools are contributing workers’ compensation data, and 26 pools are providing liability data for the Data Exchange.
The PERI Data Exchange allows public entities of all types to assess losses and exposures, and compare those claims experiences with other similar organizations, the institute says. The program is open to all governmental entities capable of collecting claims and profile data.
To learn more about the Data Exchange, visit PERI's Web site.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access