Proprietary Keystone 7 Impact Model - Risk Mitigation

Keystone Risk Partners has built the Seven Impact Points Model to greatly enhance the measurement and management of an insured’s workers’ compensation exposure.  Keystone collaborated with Patrick Gallagher, Ph.D. of Gallagher Austin Risk Management, LLC and Temple University’s School of Risk Management to develop this model that scores the weighted importance of critical factors affecting the cost of workers’ compensation losses. The model uses a series of survey questions and statistical analysis organized under seven areas of occupational disability management to generate a Seven Impact Points Model score.

Seven Areas of Occupational Disability Management based on relative importance on claim costs:

 The two major objectives of this analysis tool are to measure:

• The workers compensation cost drivers based on a set of standard and non-traditional metrics and benchmarks.
• Each metric’s direct and indirect correlation to an employer’s workers compensation program’s plan design.

The resulting analysis allows employers to measure the performance of specific plan design elements as serve as the basis for long range program improvements.

Keystone’s Seven Impact Point Model challenges the traditional view that the claims adjuster is the best quarterback in mitigating loss costs for an insured. It represents fresh thinking in the face of a mature claims handling and loss control industry.

For more information on this product, please contact Jay Peichel.