FROYO WORLD LLC

46 HIGH ST
NEW HAVEN, CT 06510

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 Very Good, in the 28th percentile compared to peers.
  • In the last year, LCM Decreased by 54%. While peers Increased an average of 5%.
Good

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.

  • 10% of peers have changed carriers since last year.
  • Of those who changed carriers, 6.7% decreased their LCM vs those who stayed with their current provider who saw a 6% increase.
  • Current Carrier's market share is in the 75th percentile at 3.6% of the market.
Good

Business Stats

Policy History

Term Carrier LCM
2023

1.142
2023
07-19-2022

1.201
2023
07-19-2022

1.201
2023
09-07-2022

1.142
2022

1.160
2022

1.200
2022

1.200
2022

2.465
2022
05-26-2021

1.161
2022
07-01-2021

1.161
2022
07-19-2021

1.240
2021

1.240
2021

2.464
2021
09-28-2020

1.161
2020

1.250
2020

2.233
2020
09-22-2019

1.161
2020
06-03-2020

1.161
2019

1.250
2019

1.250
2019

1.250
2019

1.794
2019

1.250
2018

1.250
2018

1.250
2018

1.645
2018

1.250
2017

1.495
2016

1.196
2015

-
2015

-
2015

-
2015

-
2014

-
2014

-
2013

-
2012

-

Contacts

Eafta Oazzo
(841) 908-7177
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(968) 522-3295
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Industry Classification