In accordance with the Minnesota Aggregate Financial Data Reporting
Guidebook, carriers with Minnesota workers' compensation
experience are required to file with the MWCIA the Annual Calls for Experience
valued as of December 31st each year. Currently there are six financial
aggregate Calls that are required. These Calls are used directly for ratemaking
in determining annual overall pure premium level adjustments. The Policy Year
and Calendar-Accident Year Calls are the major ratemaking Calls. They provide
historical information on earned premium and aggregate claim data enabling
MWCIA to analyze loss ratios and emerging claim patterns. By collecting
historical data on both Calls valued as of year-end, MWCIA is able to compare
the current Call with Calls from past years in order to calculate loss
development factors and trend factors necessary in determining an overall pure
premium rate level change.
Carriers who report the Calls electronically via ACCEDEŠ On-Line have several
tools available to them that make this a very attractive alternative to the
hard copy reporting. Possibly the most attractive feature of this program is
the edit package which ensures that data will pass all MWCIA General and Basic
edits currently performed on the Calls. All six of the Calls required by
Minnesota may be submitted through ACCEDEŠ On-Line.