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2010 Trends for workers compensation claim frequency

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Compensation claim frequency

A research brief released recently by the USA based National Council on Compensation Insurance Inc. (NCCI) indicates that the workers compensation claim frequency declined with 4% in 2009, compared to 3,4% in 2008. However, the data also reveals that though claim frequency is down, indemnity and medical severity continue to rise, outpacing the wage inflation.

Google Price Index – a new KPI for mapping inflation trends using web data

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google price index

According with a recent article published by Harding (2010) in the Financial Times citing Google’s Chief Economist, Hal Varian, Google is currently developing and testing a new daily measure of inflation using web data.

Google Price Index (GPI) is envisaged to provide accurate daily statistics of the inflation trends for the products and services transacted via web, and could one day provide an alternative to the Consumer Price Index (CPI), once with the generalization of the online shopping.

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