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 seven 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 ACCEDE© 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 seven of the Calls required by Minnesota may be submitted through
ACCEDE©.