“There is no doubt there is a strong correlation between frequency and severity of loss and some of these [personality] traits.”
Robert Hartwig, Chief Economist, Insurance Institute for Highway Safety
Insurance Times
Exemplar Research Group listened to dozens of owners, company presidents, and hiring managers to hear their stories about how just one bad hiring decision can cost them thousands, if not millions of dollars, in lost time, worker’s compensation claims and retraining costs. They told of employees being careless with equipment and having a lack of personal responsibility for their actions. Insurance companies also told how far removed they are from the insureds and are often times unable to proactively manage loss control or have influence on employers to help reduce the severity or frequency of workers compensation or driving related accident claims.
The Predictive Behavior Profile™ is an assessment test designed for the insurance industry and it’s insured’s that identifies the employees and their personality traits that have a positive or negative impact on job performance, accidents, workers compensation claims, time off the job, turnover and driving behavior.
The goals of the Predictive Behavior Profile™ test are to:
- Reduce the frequency and severity of workers compensation and driving accident claims
- Predict and identify new hires that display the personality traits that drive nearly all abused and malingering*claims
- Produce a more profitable book of business
- Help insurance agents distinguish themselves and compete outside of price
- Help employers reduce costs related to hiring the wrong employee while increasing profitability by predicting the best employees who display loyal, productive, safety-mindedness, and high work ethic behavior traits.
- Help employers reduce the cost of employee turnover after one year.
To review the specific benefits of incorporating the Predictive Behavior Profile™ test as a loss control and underwriting tool for all stakeholders, click here.
