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Using the VRM
Hierarchy of Code
Risk Information
Claim Information
Loss Mitigation

Hierarchy of Code

Class Code:_

Class Code Description:_

Group:_

Parent:_

Parent Detail:_

Risk Information

Overall risk:

Overall risk Details:_

Mod predictor:

Mod predictor Details:

Loss Ratio

Loss ratio shown is provided by NCCI or Independent Bureau data as reported by all insurers writing workers’ compensation. The loss ratio is a ratio of total losses to premium collected for the class code chosen. Both severity and number of claims impact the loss ratio. The further into the red represented in the sliding scale, the higher volatility and risk relative to premium paid is impacted.

Class code loss ratio

Group code loss ratio

Parent code loss ratio

State relative loss ratio

Incident Rate

Incident rate is provided by NCCI or Independent Bureau data as reported by all insurers writing workers’ compensation. The incident rate represents the number of claims reported relative to manual premium reported. This ratio represents how likely a claim, or incident, will occur relative to the premium paid.

Class code incident rate

Group code incident rate

Parent code incident rate

State relative incident rate

Claim Information

Hazard group:_

What it means:_

9 is the most severe, 1 is the lowest severity. Hover over each red dot for further details above.