April 14, 2025
SFM again gets high marks from NCCI on data reporting
The National Council on Compensation Insurance (NCCI) has again given SFM excellent marks for the quality of its data reporting.
Recently released results from 2024 demonstrate SFM’s commitment to accurate reporting in several categories:
- Financial data
- Unit statistical data
- Policy data
- Medical data
- Indemnity data
The NCCI is the nation’s most comprehensive source for workers’ compensation data, insights and solutions.
“The effort we put into our data reporting is vital because it makes SFM a better carrier and makes doing business easier for agents and policyholders,” said Brian Bent, SFM Vice President and Director of Underwriting. “Quality data leads to a quality experience. And SFM’s excellent grades and percentages are important to us and our partners.”
It’s not common for SFM to receive a notice about an issue with data reporting, said Bent, who also serves on the NCCI Underwriting Committee. For several years SFM has received exceptional grades from the NCCI.
Mike Happe, Senior Vice President and Chief Marketing Officer at SFM, said accurate data reporting helps agents spend less time on policy tweaks or corrections, as well as making it easier to track down experience modification factor numbers.
“At the same time, having precise data also frees up agents to manage accounts and prospect for new business,” Happe said. “SFM is committed to quality customer service, and that extends to our data reporting.”
