Group Self-Insurance Benchmarking Tool

Midwest Employers Casualty Companys a benchmarking tool for group self-insurance and was designed to identify the strengths and weaknesses of a workers' compensation program. This tool focuses on payroll distribution by class and by state, and evaluates a group's total losses, frequencies, and severities against industry standards. Key cost drivers that are impacting the program are then pipointed, and are analyzed by this company. Also available is a database of self-insured statistics sorted by industry types, which is used to provide a comparison of a specific group to other similar self-insured entities across the nation.

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