Pennsylvania Compensation Rating Bureau (PCRB)

Overview

The PCRB is a non-profit corporation formed in 1915 in accordance with the insurance laws of Pennsylvania and is not affiliated with state government. Its enabling statute specifies that the classification of employers, underwriting rules, policy forms, loss cost values, and rating plans for workers compensation are to be proposed by a rating bureau situated within the state. The organization is subject to supervision and examination by the Pennsylvania Insurance Commissioner, who must approve its ability to compile loss costs on an equitable and impartial basis. The PCRB membership consists of all insurance carriers, including the State Workers' Insurance Fund ("SWIF"), authorized to sell workers compensation insurance in Pennsylvania.

The DCRB operates under a similar model in Delaware, being a non-profit corporation formed in 1917. It is supervised by the Delaware Insurance Commissioner and is responsible for compiling loss costs and assigned risk rates, with its membership comprising insurance carriers authorized to sell workers compensation insurance in Delaware.

Basic Information

Contact Details

• Phone: +1 215-568-2371
• Website: pcrb.com
• LinkedIn: linkedin.com/company/pennsylvania-compensation-rating-bureau

Key Focus Areas & Initiatives

• Classification code 906 support staff
• Risk management
• Rating values
• Manual housecleaning
• Data management
• Actuarial services
• Loss rate publication
• Three-decimal precision
• Premium adjustment
• Actuarial data
• Policy data quality assurance
• Classification codes
• Premium credits
• Classification manual amendments
• Classification procedural change
• Volunteer fire classification
• Industry resources
• Classification manual for construction
• Classification plan
• Test audit
• Classification support staff
• Classification manual
• Paperless invoicing
• Member services
• Classification code 888 homeowners association
• Policy data quality
• Classification code 989 volunteer ambulance
• Insurance
• Manual housekeepings
• Industry reports
• Manual revisions
• Data tools
• Underwriting
• Filings
• Classification inquiry
• Classification manual updates
• Manual classifications
• Classification appeal
• Workers' compensation
• Classification survey
• Loss costs
• Rating bureau
• Data reporting
• B2B
• Services
• Direct insurance (except life, health, and medical) carriers
• Financial reporting
• Regulatory compliance
• Workers compensation

Technologies Used

• Bootstrap Framework
• MailChimp
• Microsoft Azure Hosting
• Microsoft Office 365
• Mobile Friendly
• Outlook
• Wufoo
• reCAPTCHA

Affiliated Organizations & Regional Branches

• dcrb.com