Loss Control Management | Processes to Manage Your Risk
At Beecher Carlson, we are constantly innovating with state-of-the-art tools for loss control management, such as ZOOM®, the patent pending business process we designed to reduce your casualty loss costs. By utilizing the ZOOM® process, one client reduced collateral by $5 million and decreased reserves outstanding by $2 million and another reduced average cost per claim by 16% (18-month results). This is just one example of the profound results those engaged in the process are experiencing. The data that we provide is so compelling that 75% of companies that allow us to analyze their data integrate the ZOOM® process into their brokerage service.
ZOOM® Beyond Predictive Analytics
The ZOOM® process to streamline our loss control services by allowing us to focus on weekly, monthly and quarterly strategies to reduce loss costs. Central to our approach is a deep analysis of your business utilizing predictive analytics. The result is evidence-based information designed to help you understand the causes and costs of risk within your organization. This knowledge and focus helps us go way beyond predictive analytics to aggressively pinpoint precise actions that drive down your total cost of risk.
Beecher Carlson’s ZOOM® technology focuses on 4 key areas:
- Historical Claims – Claims 3 years and older
- Current Claims – Claims over the past 2 years
- Early Warning Claims – Identify claims which may develop adversely
- Loss Control – Minimize new claims
Beecher Carlson’s ZOOM® Process Improves Your Performance
ZOOM® provides you with customized reports, analysis and focused consultative directions to act upon specific claims and processes that will result the greatest return on investment. Improve pricing program structure, claims servicing and loss control management by combining our ZOOM® solution with our brokerage expertise.
