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Tutorial Points to pass on to your client |
Videos
FAQs
Still have a question? |
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ModMaster includes over twenty different preformatted reports which help you to:
The reports and graphs page The reports and graphs page has two lists from which you can select reports. The list on the left shows every report available for the current file's calculation method. Select items in this list by clicking on them (hold down the control key and click to make multiple selections), then preview or print the selected reports by clicking the large "Print Preview" or "Print Now" buttons below the list. The list on the right shows categories of reports that may interest you. Select a category to see the reports that are included, then click the link below that which says "Preview the above reports now".
Bureau-type report The bureau-type report reports the detail and summary data for the mod calculation in the format which you and your client may already be familiar with.
Summary report The summary report shows how the numbers for this calculation plug into the mod formula. This report also shows the minimum mod, that is the mod with no losses. It's sometimes very helpful for clients to see their mod and then what their mod could have been with no losses. A related report is the Mod Impact on Premium Analysis report.
Aggregate loss report
Specific loss report This is one of our most popular reports. It shows how the losses in the mod calculated affected the mod, what the mod would have been without the loss, and the one year, two year, and three year premium cost of the loss. The premium cost of a specific loss can often get clients' attention when they see what they are paying for a loss. This report is also useful for showing, in ERA states, how medical-only claims have a much lower impact on the mod and the premium than those claims which include indemnity.
Points to pass on to your client ModMaster helps make the point that insurers don't pay for losses - employers pay for losses! A lost time claim turns a medical-only claim into a very expensive proposition. Most lost time claims can be avoided, and ModMaster shows how medical-only claims have much less impact on the mod.
Mod impact on premium report Graphically depicts the impact that the mod has on the premium paid. Also shows the average mod, the minimum mod, and the controllable mod.
3-year premium cost report There are two versions of this report, one for small losses and one for various larger losses. The one-year, two-year and three-year costs of losses are estimated based on the manual premium you indicated on the Company Setup page.
Loss analysis by policy period Graphically depicts actual vs. expected losses by policy period. This report helps identify trends in losses and the relationship between expected and actual losses.
Mod snapshot report Lots of information in one page! Shows the most important aspects of the mod calculation and analysis on a single page. This includes the key values, a graph of the average mod, the current mod, the minimum mod, and the controllable mod. An additional graph shows the losses by policy period.
Ratio analysis report Shows the ratio between actual and expected primary and excess losses and provides a brief textual interpretation of the results.
For more help and info Don't miss our FAQs, articles, and other tutorials/videos. |
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This page can be printed
with no right-margin overflow by using the Page Setup command to set the left margin to 1.0 and the right margin to 0.5 inches. |
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