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Specific Software Solutions · SIGMA Actuarial Consulting Group

FAQ

Pertains to: ModMaster
ID: M0423021

How do people use ModMaster?


Our ModMaster users have found uses for ModMaster that we never even imagined!  But the most common uses are:

  1. To compute the mod ahead of time for your client in order to anticipate any changes in the mod.  Surprise mod changes can create stress in the broker/client relationship. With ModMaster, you can anticipate, communicate, and explain any mod changes ahead of time to existing clients.

  2. To provide a free mod analysis to a prospective client. With ModMaster, it is quick and easy to provide a free analysis of a prospect's workers compensation modification factor. The prospect benefits, and you will learn more about the prospect's company and its payroll level, job classifications, and whether or not there is a loss frequency or severity problem. This gives you the ability to provide a quote for the business that is tailored more specifically to its needs. Also, you will get a competitive advantage with the prospect by sharing information and insight that they may not have received from their current broker.

  3. To analyze, analyze, analyze! With ModMaster, you can compute the true cost of a loss in terms of increased premium, show what each loss contributed to mod points, determine the impact that certain types of losses have on the mod, and much much more!  All of these analyses can be generated quickly and delivered professionally with our presentation quality reports.

For more about ModMaster's uses and benefits, view the video Why ModMaster?