California’s proposed rate increase means increased opportunities for PEOs. Using the most credible industry data available and applying RiskMD performance analytics, one can understand how loss ratio and claim frequency indicates business opportunity. Since loss ratio and claim frequencies have not increased, the additional rate would give risk bearers additional resources to grow and take on more risk. California’s historic performance indicates stability in the marketplace, and therefore, PEOs should develop and grow their west-coast businesses.
Click the data animation below to visit RiskMD.com, to learn more about how visualizing data brings new insight to PEOs in real-time.
