Elanco Inc

723 Rue Madora Ste 6
Bear, DE 19701

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is in-line with peers, in the 36th percentile.
  • Mod decreased by more than 75% of peers.
Good

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 Higher than 58% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Decreased by 21%. While peers Increased an average of 1%.
Needs Attention

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.

  • 19% of peers have changed carriers since last year.
  • Of those who changed carriers, 16.3% decreased their LCM vs those who stayed with their current provider who saw a 2.5% increase, a difference of roughly 7x.
  • Current Carrier's market share is in the 75th percentile at 5% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.720
2021

2.170
2020

2.170
2019

1.846
2019
10-18-2018

1.450
2018

1.450
2017

1.450
2016

1.450
2015

1.450
2015
10-01-2014

1.744
2014

-
2013

-
2012

-
2012
10-01-2011

-
2011

-
2010

-
2009

-

Contacts

Meutox Gxteid
President
(440) 209-6677
jckxif.qnvffe@kteuucgvywfphhjdoqtm.rur

Industry Classification