GPB CAPITAL HOLDINGS LLC

500 W PUTNAM AVE, STE 400
GREENWICH, CT 06830

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • A break in policy terms may indicate inconsistent work load which can result in substandard employment.
Needs Attention

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 8th percentile compared to peers.
  • In the last year, LCM Decreased by 44%. While peers Increased an average of 4%.
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.

  • 5% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.7% decreased their LCM vs those who stayed with their current provider who saw a 4.5% increase.
  • Current Carrier's market share is in the 99th percentile at 48.4% of the market.
Good

Business Stats

Policy History

Term Carrier Premium LCM
2022

-
(Current: 2.920)
2022
PEO
1.378
2022

0.840
2022

1.032
2022
12-01-2022

-
2021
PEO
1.488
2021

1.113
2020

1.113
2019

1.113
2018

-
2018

1.118
2018

1.866
2018

1.227
2017

-
2017

1.183
2017

1.555
2016

1.052
2016

2.255

Contacts

WCKXNIV NBQHQZ
Benefits Admin
(580) 144-5268
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Pmaatdo Gpufmx
Director of Human Resources
(638) 510-5655
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Industry Classification