Top 10 Things To Consider When Running Loss Triangles | Riskonnect

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Top 10 Things To Consider When Running Loss Triangles

 

Top 10 Things To Consider When Running Loss Triangles

It’s considered good practice to get an annual checkup from your doctor. It’s a way to spot any negative trends in your health and make steps towards correcting the problem.

And once you’re done, you feel good knowing you got all of your vitals checked and made a plan for improving your health,if necessary, in the coming year. Running loss triangles is like a health check for your organization’s losses, where you can spot trends in your claim costs.

But it’s easy to put off the reporting because loss triangles have a reputation for being complicated or frustrating. So,while loss triangles may appear to be complicated, with the right plan and the right tools, they don’t have to be. Today’s risk management information system (RMIS) technology solutions automate in seconds what used to take hours or days.

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