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Workers Compensation Data Sources
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 2
Major Sources of Workers Compensation Data
NCCI
Independent States’ Bureaus
Government Agencies
Other
– In-house data
– Annual statements
– Vendors
– Industry AssociationsMoshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 3
NCCI Data
NCCI Data Resources
– ELF Books
– Schedule Z data
– Annual Statistical Bulletin (ASB)
– State of the Line Report
– Rate Filings
– PricePoint
– Detailed Claim Information (DCI)
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 4
NCCI Data
ELF Books
– Injury Type by Hazard Group Distributions
– Indemnity and Medical trend rates
– Indemnity and Medical case-incurred development factors as well as severity development factors, but only for the first three report years
– Of course, ELF parameters by State, Injury Type, Hazard Group
NCCI is currently filing new ELFs based on a new procedure. These ELFs are becoming less severe for the layers that reinsurers care most about.
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 5
NCCI Data
Z-Data
– Developed or undeveloped loss counts and amounts for each year at 1st through 5th report by state/class code/injury type
– Also standard and manual premiums as well as payroll data
– NCCI only has this for NCCI states, but all the independent bureaus make this data available, too. Most independent states provide undeveloped data along with non-injury type specific LDFs.
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 6
NCCI Data
ASB is a treasure trove of information, including:
– Premium Level Changes by year for countrywide and by state
– Benefit Level Changes by state
– Five years of calendar year experience by state and countrywide
– Average Weekly Wages by state for 5 years
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 7
NCCI Data
ASB data (continued):
– Ground-up Accident Year paid and case-incurred development (including tails!) for:
- Indemnity, Medical and Combined
- countrywide and by state
– Average Severity by injury type and state
– Frequency by injury type and state
– Injury Type Distributions by state
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 8
NCCI Data
State of the Line Report
– Accident Year and Calendar Year Loss Ratios for the industry
– Frequency and severity trends for lost-time claims
– Rate level changes including schedule credits
– However industry-wide and not by state
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 9
NCCI Data
Rate Filings
– Loss Costs
– Trend
– Development
– Onlevel
– Rate adequacy
– However, these are on bureau rate/loss cost level and ignores deviations (company filed, schedule credits, etc.)
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 10
NCCI Data
PricePoint
– Rate Level info
- Filed bureau rate/loss cost
- Final charged premium
– By state and governing class
– However only available for primary carriers
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 11
NCCI Data
Detailed Claim Information
– Average and median severities going back 10 accident years from a sample of claims
- Medical, Indemnity and Total
- By state (only NCCI states)
- A lot of other claim info such as
- with or without attorney involvement
- nature of injury
- other stuff, tooMoshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 12
Independent States’ Bureaus
Independent Bureaus
– Data from them not as standardized
– Some bureaus (e.g., CA) perform many detailed studies
Common to all
– Rate level histories
– Schedule Z data
– Rate filings
– ELFsMoshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 13
Independent Bureaus’ Websites
www.nycirb.org (NY)
www.njcrib.com (NJ)
www.pcrb.com (PA & DE)
www.wcribma.org/mass/Actuarial/data.aspx (MA)
www.wcirbonline.org (CA)
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 14
Government Agencies
Bureau of Labor and Statistics
– Injuries, Illnesses, and Fatalities (IIF)
- Frequencies for fatal and non-fatal injuries
- Distributions of injuries by many variables:
- Gender, Age, Body Part of Injury, etc.
- Lost time bands
– National Compensation Survey (NCS)
- Payroll information
- Wage trends
State Governments have data, too.
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 15
Sample of BLS’s IIF Data
Page 16
Other Data Sources
Reinsurer’s in-house data
– From the reinsurer’s own experience
– From submissions
Annual Statement-based data
– Best’s Aggregates and Averages
– Ceding company or competitors’ Schedule P
- OneSource
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 17
Other Data Sources
Vendors
– Workers Compensation Research Institute
– Workers Loss Data Institute
– Conning
Industry Associations
– RAA, especially the Loss Development Study
– Council of Insurance Agents & Brokers (CIAB)
- CIAB website contains their quarterly survey of rate changes for many lines
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
Page 18
Some More Websites
www.bls.gov/ncs/ (wage trends and payroll info)
www.bls.gov/iif/home.htm (Job injury data)
www.workerscompresources.com
www.ilr.cornell.edu/library/subjectGuides/disabilityAndTheWorkplace.html
Moshe D. Goldberg, FCASCARe SeminarJune 6-7, 2005
