What Is Mod Advisor

Mod Advisor is a SaaS platform built specifically for workers' compensation claims analysis, premium forecasting, and experience mod (EMR) optimization. It's designed for insurance professionals—like brokers, carriers, and TPAs—as well as businesses that want to better understand how workplace injuries and claim activity impact their workers’ comp premiums.

At a high level, Mod Advisor helps users:

Analyze the Experience Mod - Show how claims impact the experience modification rate (mod), which directly influences the cost of a workers’ compensation policy.

Forecast Future Mods - Model "what-if" scenarios to project how open claims, reserves, or deductible changes might affect the future mod.

Visualize Claims Data - Through interactive dashboards (using “Intelligence”), Mod Advisor visualizes trends like:

• Losses by state, class code, or year
• Open vs. closed claims
• Frequency vs. severity analysis
• Day of week/month claim trends

Streamline Claim Reviews - A powerful loss run import tool ingests carrier PDFs eliminating hours of manual entry.

Benchmark Businesses - Clients can be benchmarked by NAICS code, claim frequency, loss ratios, etc., helping identify outliers and opportunities.

Improve Underwriting & Loss Control -

• Identify high-risk classes or locations
• Drive return-to-work strategy based on historical claims
• Assign adjusters based on state with highest claim volume