Aspen Claims Service

Predictive Analytics in Workers’ Comp Arrives

 Wednesday, September 28, 2011

 Risk and Insurance

Predictive analytics for workers’ compensation claims assess the chances that a work injury will depart from an average expected profile as measured in duration of disability, medical utilization, litigation or other outcomes. Managers can focus on high-risk claims that deserve special attention. To be effective, the prediction system can’t be stumped by the innumerable unique features of each claim, and the claims payer must know what resources to deploy quickly in response to high-risk claims.
LitigationWorkers' Compensation