DIGITAL FUNDING LLC

1500 SW 11TH AVE UNIT 1001
PORTLAND, OR 97201

Talking Points

For the Agent

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

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
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 Higher than 95% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • In the last year, LCM Increased by 11%. While peers Increased an average of 5%.
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.

  • 5% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 50th percentile at 5% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.000
2023

2.178
2022

1.040
2022

1.966
2021

1.470
2021

1.899
2020

1.000
2020

1.741
2019

-

Contacts

7cd
(785) 296-0181
fc3d

Industry Classification