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10/1/2006 - Orlando, FL
WORKERS COMP SYSTEM PROVIDES DIFFERENTIATION TO AGENCIES

Excerpt from October 2006 Rough Notes Article

AcuComp® helps agencies add value, save clients money

Vendors often tout exhaustive benefits that their products can deliver to end users. Not so with James B. “Jay” Conant, president of National Insurance Application Systems (NIAS), provider of the AcuComp® workers compensation cost control system.

He says there’s really only one reason an insured would want to get involved with an agency that offers AcuComp® : : “To the end user, it will permanently reduce their workers’ compensation premium, over time, an average of 30%.” And Conant is confident in the numbers. “We measure results constantly across all agencies and insureds.”

Conant describes AcuComp® as a data system that’s made up of hundreds of processes-all focused on changing the unit statistical plan filing data and changing the experience modifiers via insurer correction card filings with various rating bureaus.

Since the mid-1990’s, AcuComp® documented thousands of workers’ compensation claim file reserves generating nearly a quarter of a billion dollars in claim file reductions, which lowered experience modifiers by an average of 28.5 points, he adds. The system and its results have actually been validated by a state insurance department, according to Conant.

If you have any questions or comments regarding this article please contact Jay Conant at J.Conant@niasgroup.com