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Moving from Descriptive to Prescriptive Analytics

Moving from Descriptive to Prescriptive Analytics

In its 2018 study, From Bottom Line to Front Line, Accenture identified a growing trend among CFOs and other senior finance leaders. The study, which interviewed nearly 750 key finance leaders, determined that some 53% of CFOs believe that their teams are not keeping up with today’s increasing needs to gather, analyze, and interpret data….

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CHSI, UBIC to present at DigIn Analytics & AI Conference

As a result of being chosen by Digital Insurance magazine as a unique example of companies working together to use innovation as a framework for enterprise strategy, CHSI Technologies and Utah Business Insurance (UBIC) will present on the topic at the magazine’s annual DigIn Analytics and AI conference on Nov. 13. Urias McCullough, director of…

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Attendees Prove Work and Play Mix Well at CHSI Technologies’ User Conference

More than 50 customers, business partners and members of CHSI Technologies’ leadership gathered in Las Vegas this month for CHSI’s 2019 Connections Users’ Workshop, and the event delivered on its promise: to combine critical learnings with networking and fun. Day one of the workshop included timely keynotes from Elisha Krempetz of Concentra, who spoke on…

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CHSI Announces Customer Award Winners

The CHSI Technologies’ Annual User Workshop would not be complete without the company recognizing the efforts of customers who are using CHSI Connections® to help set best practice examples for the rest of the industry. During the first day of the workshop, members of CHSI’s leadership team officially recognized the following customers for a variety…

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Laptop Workers' Comp Charts

Workers’ Comp Industry Is Stable

Despite recent weakening in workers’ compensation market fundamentals, this year the workers’ comp market should see a fifth consecutive year of underwriting profits. The industry’s statutory combined ratio fell to 86% in 2018, having averaged 93% annually since 2015, notes a Fitch Ratings report, “U.S. Workers’ Compensation Market Update – Fifth Consecutive Year of Underwriting…

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FIREFIGHTERS-KDRV

California Legislative Panel Approves PTSD Coverage for Firefighters, Police

Certain first responders with post-traumatic stress disorder will be able to obtain workers’ compensation benefits, according to a recent report. Current law provides benefits for workers with psychiatric injuries only if the condition causes disability or requires medical treatment, and they must prove work is a substantial cause of the injury. The new legislation, largely…

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insurance-crm-software-considerations

AI: For Workers’ Comp, a Promise to Be Fulfilled

The term “artificial intelligence” (AI) is weaving its way into the mainstream of insurance companies of all sizes.  It’s a hot topic:  Consider that at the recent Dig|In event in Austin, Texas, at least half a dozen exhibitors classified themselves as “AI” or “AI/Fraud” companies. For many smaller carriers, however, especially those in workers compensation,…

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iasa virtual roundtable

IASA’s Virtual Roundtable Tests Digital Transformation’s Reality

Because all insurers are using some form of digital technology, we can agree that Digital Transformation is less about the technology itself, but more about the way insurers are innovating to solve their business problems.  That said, digital transformation refers to any use of digital technology that enables new types of innovation to enhance and…

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workplace safety the top 10 causes of disabling injuries at work LM

Overexertion Tops Priciest Workers’ Compensation Claims: Report

Liberty Mutual says that a group of injuries involving lifting, pushing, pulling, holding, carrying or throwing cost employers and payers $13.1 billion. The insurer released its list of workplace injuries and their related costs based on its Workplace Safety Index in which overexertion, as it is presently classified with the injuries above, represents the costliest…

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las vegas cica 2019

CHSI Participates in “Shaping the Future” at CICA

Tucson played host to more than 500 captive insurance representatives, including 100 first-time attendees (captive owners, potential captive owners, captive managers, risk managers, domicile regulators and officials, and service providers) at the CICA 2019 International Conference. In support of the conference’s agenda, which offered educational and networking opportunities, the theme of this year’s domicile-neutral conference,…

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