Jiba LLC

1300 Adams Ave
Philadelphia, PA 19124

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

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 51st percentile.
  • There was a recent mod decrease.
Average

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 66% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 8% of peers have changed carriers since last year.
  • Of those who changed carriers, 42% decreased their LCM vs those who stayed with their current provider who saw a 10% increase, a difference of roughly 4x.
  • Current Carrier's market share is in the 95th percentile at 23.1% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.815
2021

1.743
2020

1.642
2020
10-15-2019

2.607
2019

2.416
2018

2.416
2017

1.960
2016
06-21-2015

2.549
2016
06-21-2016

1.867
2015

2.410
2014

-
2013

-
2012

-
2012
06-21-2011

-
2011

-
2010

-
2009

-
2009
06-06-2008

-

Contacts

nvitt nau
CEO ASSISTANTS
(494) 537-2385
gjgef@zfwvazzxl.rve

Industry Classification