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Crystal & Company Launches New Casualty Claims Predictive Modeling Tool

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DENVER, April 28, 2014 (GLOBE NEWSWIRE) -- Crystal & Company, one of the world's leading strategic risk and insurance advisors, has launched a new industry leading analytical tool to help their clients focus their loss control efforts for maximum impact. This new predictive modeling enables risk managers to predict which individual claims have a higher likelihood of exceeding a particular dollar threshold, which may protect companies against unexpected financial losses and liabilities.

"Our new workers' compensation analytics tool helps risk managers focus on identifying exactly when, where and how claims are occurring," said Jamie Crystal, Executive Vice President of Crystal & Company. "This information empowers our clients to direct their loss control efforts where they're most needed resulting in a lower total cost of risk, and potentially, reducing future claims from happening."

Typically, risk managers and brokers focus time and resources toward reducing and managing policy premiums. However, for many clients, this is actually a small cost compared to the cost of a potentially large, damaging claim. Crystal & Company's new predictive modeling tool can forecast which claims will be excessive so they can be reviewed, managed and closed more effectively.

About Crystal & Company

Crystal & Company is one of the world's leading strategic risk and insurance advisors, serving the full range of clients' risk management, insurance brokerage, and employee benefits consulting needs. A national firm serving a global clientele, Crystal & Company is headquartered in New York, with 10 offices across the United States. Crystal & Company is a proud equity owner of Brokerslink, a global alliance of leading independent insurance brokerages. The firm is comprised of more than 400 talented individuals distinguished by their technical expertise and industry-specific knowledge, united by their common passion for serving their clients. Established in 1933, the company has sustained its independence through 80 years and three generations of Crystal family ownership and management. For more information, visit www.crystalco.com.

CONTACT: Media Contact: Marisha Chinsky Makovsky 212-508-9654 mchinsky@makovsky.com

Source:Crystal & Company