Loss Sensitive Services
Paragon’s Loss Sensitive Services are designed to help ensure carriers realize the true benefit of these programs while reducing the burden of administration.
Carriers that utilize loss sensitive, risk sharing tools like large deductibles, self-insured retentions and retro premiums tend to face operational challenges stemming from the complex nature of these programs. Paragon has developed a number of solutions to help carriers improve performance related to these sophisticated and complex policies. Our services address challenges like those related to ALAE treatment, Clash Deductibles and Deductible Aggregates. Paragon’s service also address issues related to multiple calculations such as claim handing fees, Loss Conversion Factors and tax multipliers. Additionally, we have the ability to send E-billings and create customized invoices to meet your insured’s demands; this includes specialized loss runs and multi-location billings.
Paragon’s Loss Sensitive Billing Administration service provides a solution to carriers that are looking for an alternative way to effectively and efficiently manage their loss sensitive billing program.