Risk Management Analytics
Maximizing Insurance Claims Data Helps Minimize Losses
When it comes to insurance claims, can you pinpoint what areas of your business are driving most of your losses? Do you know how many claims you have at a particular location, or if veteran or newer workers are being injured on the job more often? Can you track if your loss-control efforts are effective over time? Or, perhaps you want to know how to best reduce your outstanding reserve dollars?
Management reports and benchmarking
At OneGroup, we can help you maximize your insurance claim data to minimize losses with a host of analytics tools. With data in hand, detailed management reports are available to help decision-makers determine the effectiveness of their commercial insurance programs. Once problems are isolated, you are well on your way to implementing effective solutions that boost workplace safety, reduce injuries and insurance claims and potentially lower your premiums.
More importantly, managers will now have a clearer picture of their operations in a way they may never have envisioned and answer questions about cost factors that they never before thought possible such as:
- What specific factors are driving our total claims dollars and counts?
- Which departments or divisions can serve as models for best practices in resolving claims? How can we best reduce outstanding reserve dollars?
- What specific loss sources are driving frequency and severity rates?
- Which specific locations, departments, and loss sources are contributing to high cost claims?
- Are veteran employees or newer workers being injured more frequently? What type of training is needed for these specific groups of employees?
- Which locations have the most effective claims reporting practices?
- Do certain drivers need additional training in safety awareness and defensive driving techniques?
We make it easy for you. That’s why so many people turn to OneGroup for their risk management analytics. Save time. Save money.
Self-Funding Health Benefits: What Employers Need to Know
As healthcare costs continue to rise, more employers are exploring self-funding as a strategic alternative to traditional fully insured health plans. In our recent Self-Funding Health Benefits 101 Webinar, team members from BPAS Health Benefits Consulting and OneGroup’s SVP of Employee Benefits discussed the risks and benefits of Self-Funding Health Benefits. They offered valuable insights from their organizations considering the self-funding approach.
Your Nonprofit might have hidden gaps in protection
Use this checklist to uncover the hidden risks in your nonprofit operations.
Legal Alert: IRS Releases 2026 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits
With the 2024 reference year RxDC reporting deadline approaching in June, plan sponsors should re-familiarize themselves with the reporting requirements.