Samantha Kappagoda and David K.A. Mordecai were invited to speak at the WCF Insurance (Utah) Board of Directors’ Annual Retreat in St. George, Utah. At the invitation of Ray Pickup, CEO of WCF, they addressed the Board to discuss prospective Workers’ Compensation pilot projects.
Dr. Mordecai and Ms. Kappagoda are Co-Managing Members of Numerati® Partners LLC and Co-Investigators of RiskEcon® Lab @Courant of Mathematical Sciences.
About Numerati® Partners
Numerati® Partners LLC coordinates a data analytics and development ecosystem, with the mission of advancing and fostering the next generation of scalable data-intensive risk and liability management enterprises. The firm provides resources fundamental to advancing the development of nascent leading-edge inferential surveillance, monitoring, and predictive analytics technologies for deployment within the RiskTech domain: risk technologies associated with adaptive distributed, networked and embedded systems such as remote sensing, agent-oriented data analytics, computing and control systems. Numerati® Partners curates integrated RiskTech solutions as well as forensic and use-case applications in RiskTech sub-domains such as LitTech, RegTech, FinTech and InsurTech (litigation technology, regulation technology, financial technology and insurance technology).
About RiskEcon® Lab @Courant Institute of Mathematical Sciences, NYU
The mission of RiskEcon® Lab @Courant Institute of Mathematical Sciences is to facilitate the development of software, analytics tools, and semantic libraries that employ high-dimensional datasets to integrate conventional data with web-enabled demographic, biometric, psychometric and sociometric data from innovative sources, by applying a range of computational and analytical methods to commercial, consumer and population-related societal trends, focusing primarily on research and development (R&D).Our goal is to integrate web-enabled crowdsourcing with machine learning, data-mining, and text-mining, in order to promote research fundamental to large-scale, real world questions, employing applied computational statistics, and robust and scalable data analytic solutions.
About WCF Insurance
WCF Insurance has insured Utah employers since 1917 and is the largest workers compensation insurer in the state of Utah. In 1917, the Utah Legislature passed a workers’ compensation act, requiring all employers to have insurance for their employees. The system was established to protect both the employee and the employer from financial ruin that a workplace accident could cause.
Because workers’ compensation insurance was new to the entire country, policy makers in Utah debated how to best formulate Utah’s system. After much discussion, it was agreed that a state fund should be created to compete with insurance carriers. WCF Insurance was established with a $40,000 loan, which it repaid to the state in 1922. Since then, WCF Insurance and its policyholders have seen many changes, but the company’s purpose and vision remain the same: to provide excellent customer service to our policyholders and their employees.
To better serve WCF Insurance’s multistate customers, Advantage Workers Compensation Insurance Company (Advantage) was created in 1998 to write workers’ compensation outside Utah. Today, Advantage is licensed in fifty states and the District of Columbia. Stop gap coverage is available in the monopolistic states. Advantage has extensive experience, knowledge and resources in a number of states, and can be an excellent resource on multistate or single state workers’ compensation. Five claims offices are maintained in the western United States: Arizona, California, Colorado, Idaho, and Nevada. Advantage is a wholly owned subsidiary of WCF Insurance and has an A rating with AM Best. With a national scope built on personalized local service, WCF Insurance provides excellent services to its customers and stakeholders.
September 22nd 2015, St. George, Utah