A Review of the Experience of Massachusetts Workmen's Compensation Experience Rated Risks [Discussion]

Mr. Stevens has followed the suggestion contained in a recent address of President Pruitt wherein it was implied that the actuary should get out of the “niche” and assist the underwriter. This paper presents comprehensive data which should provide a better market for debit rated risks in general. Of course there are other considerations employed by the underwriter in viewing applications from debit rated risks besides loss ratio and modification. Many times an underwriter with a solid safety engineering unit behind him can convert the risk from the debit to the credit side of the ledger. In other instances competent field forces find misclassification which when brought to the attention of the supervising bureau results in a shift. In addition, the experience of other lines is viewed as possible support.