How do I get the necessary data to compute a mod?

Software tools and actuarial services for risk management and insurance professionals

FAQ	Pertains to:	ModMaster
	ID:	M0423022

How do I get the necessary data to compute a mod?

There are two types of data you need to compute a mod: risk specific data: payroll and loss information rating data: expected loss ratios, discount ratios, ballast and weighting values. ModMaster provides a complete database of rating data. We publish database updates twelve to fourteen times per year, notifying you by e-mail when they are available on our web site. We pride ourselves in rapid rate updates so that you have the data you need to compute an accurate mod. The risk specific data is provided by you. Generally, the loss and payroll data can be easily obtained from one of three places: an existing NCCI worksheet, the client’s records, or the client’s insurance carrier.