As workers’ compensation reporting evolves, insurers will need to submit more detailed indemnity and medical data, impacting underwriting and claims management. Compliance is essential to avoid penalties and improve outcomes. Insurers can gain advantages by adapting quickly, utilizing automation, and ensuring data accuracy for effective risk management and competitive positioning.
The workers’ compensation industry faces significant compliance changes, notably the NCCI’s lowered reporting threshold, impacting many insurers. Key challenges include Unit Statistical reporting errors and the upcoming Medical Data Call requirements. Organizations must proactively enhance data management strategies and reporting processes to avoid penalties and ensure compliance with evolving mandates.
True Insurtech Solutions announces Vice President Colin Moulton’s attendance at the NCCI Data Now Program 2025 in Boca Raton, Florida. The event focuses on advanced data reporting in workers’ compensation. Colin will share insights on data accuracy and compliance, reinforcing True’s commitment to innovation and enhancing operational solutions for partners.
Data security is vital for insurance companies to protect sensitive client information and maintain trust. Explore the best practices, from encryption to employee training, that insurers must adopt to defend against evolving cyber threats.
Explore the benefits of continuous learning and professional development. Learn how staying updated with industry trends and advancements can boost your career in insurance.
Stay updated on the latest regulatory changes affecting workers’ compensation audits. Understand how these changes impact audit practices and compliance requirements.