Providing a 360-degree view of workers’ compensation risk profiles
At Groundspeed, we help workers’ compensation carriers make better, faster underwriting decisions with our comprehensive workers’ compensation data product. With over 300+ data points derived and enriched from workers’ compensation loss runs, applications, eMod worksheets, exposures, and 3rd party data, this product gives underwriters a one-stop-shop for all their data needs. In addition, this data is available almost immediately upon receipt of the broker’s submission.
This product allows underwriters to:
- Set up & clear all submissions
- Immediately triage and rate each business using both their own rules as well as Groundspeed-provided insights
- Receive 98% accurate data to make better underwriting decisions in hours, not weeks
Groundspeed provides the most comprehensive workers’ compensation data package in the industry.
Over 300+ data points derived and enriched from
- Loss Runs
- ACORD Applications
- eMod Worksheets (both NCCI and state)
- Payroll Schedules
Transforming data for an underwriting revolution
Armed with the right data, underwriters can merge their highly skilled expertise with complete and accurate information to make great decisions for their company. With the near-perfect and enhanced data from our pipeline, underwriters can see all elements of risks and capitalize on that insight.
Set up and clearance with speed
Our technology automatically extracts the key data fields you need to clear and set up both new and existing accounts, which means you can do your clearing and set up much faster and without the higher cost of time and money of doing it manually.
Quickly find the submissions that match your risk appetite
Our data pipeline recognizes the right data fields to match the risk characteristics against your risk appetite. Every single submission can be vetted against the success metrics for your business and underwriters can be alerted to prioritize the best matches.
Accurate rating information
We provide detailed rating information from submissions that are both quoted or unquoted, so that those unquoted can be analyzed and fed back into the underwriting process to inform sharper decision making going forward.
A more complete data set
Our technology automatically extracts the data from all submission documents and fuses it with 3rd party data in the same process. This fusion creates a complete view of risk– an advantage that is not readily available to carriers today with a manual process.
Complete submissions extracted
Our automation was designed to extract and enhance mass volumes of data from all submission documents. Within hours, everything you need is available to evaluate the inbound submissions with data-driven confidence.
Hear what clients are saying about Groundspeed
”Groundspeed has been a tremendous asset because of its speed, and you can trust the data.David SimmethSenior Vice President and CIO, Republic Indemnity
”Groundspeed’s AI capabilities optimize productivity for both our underwriters and our agent and broker partners.Bill DevineBusiness Insurance Senior Vice President, Travelers