Risk intermediary and reinsurance company Benfield has released a workers' compensation industrial accident model that helps insurers analyze and determine how vulnerable they are to large-scale industrial accidents.
The model aims to provide clients with information on insured locations within their workers' compensation books of business so that they can manage their exposures to large-scale accidents. The model offers estimates of probable maximum loss curves, and is based on the company's workers' compensation earthquake and terrorism models.
Benfield's ReMetrics team of analysts calculated the expected frequency and severity of potential industrial accidents on an individual location level. The company expects that the model may also help clients with enterprise risk management compliance and overall portfolio management.
More information on the new model is available at www.benfield.com.
Interested in more workers' compensation news and in-depth articles? Head over to Claims' workers' compensation channel for more information.
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