DISCUSSION ACTIVITY All workers' compensation agencies have Experience Rating programs. Explain the...

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DISCUSSION ACTIVITY

All workers' compensation agencies have Experience Rating programs. Explain the main purpose and goals of an Experience Rating Program, as well as the qualifications for participation. Discuss any safety incentive programs in place in your organization. If you are not currently employed, what safety incentive programs would you suggest an organization implement?

David · Accepted Answer

All workers' compensation agencies have Experience Rating programs. Explain the main 
purpose and goals of an Experience Rating Program, as well as the qualifications for 
participation. Discuss any safety incentive programs in place in your organization. If you are 
not currently employed, what safety incentive programs would you suggest an organization 
implement?
The key goal of the Experience rating is the individual equity risk. This equality is not only 
the individual risks, but the equality that permeates the connection of policyholders with their 
insurers and society in general. The assessment of experience generates a motivation for the 
safety and consolidation of rivalry in the market. Even if it is not the main goal of the 
experience rating, these required results should be invigorated. Equity is an actuarial notion: 
every insured person must pay a appropriate rate for his intrinsic potential for the loss. It is 
important to accentuate the potential of the word,

DISCUSSION ACTIVITY All workers' compensation agencies have Experience Rating programs. Explain the main purpose and goals of an Experience Rating Program, as well as the qualifications for...

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