Today’s issue of WorkCompRecap features a new Guest Post from Tom Warden, Chief Insurance and Science Officer at CLARA Analytics on how workers’ comp claims leaders may be facing an oncoming “perfect storm” between inflation, tight labor markets, and economic volatility.
In his piece Tom posits that as the “Great Resignation” gives way to the “Great Engagement” and workers switch industries and perform jobs with little experience, we may see accident frequencies increase beyond expectations in the coming years. Claims leaders are always looked to for help when anything challenges the combined ratio of an insurance carrier, and while they operate leaner than ever before today, Tom explores where claims leaders might turn to pull a fresh rabbit out of the hat when CFOs ask for “their share” of profitability improvement.