POLAR CAPITAL CORP

17 OLD KINGS HWY S
DARIEN, CT 06820

Talking Points

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

  • The LCM of the Current Carrier is in-line with peers, in the 51st percentile.
  • In the last year, LCM Increased by 2%. While peers Increased an average of 6%.
Average

Market Competitiveness

We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.

  • 7% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 50th percentile at 9.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023
PEO
1.726
(Current: 1.719)
2023
PEO
1.404
2022
PEO
1.726
2022
PEO
1.378
2022

1.307
2022
02-28-2022

4.059
2022
02-28-2022

0.840
2021

3.683
2021

3.770
2021

0.792
2021

1.307

Contacts

Industry Classification