# Mod Advisor > Simplify Work Comp Experience Mod Analysis ## At a glance | Field | Value | | --- | --- | | Category | Specialty Solutions | | Type | Solutions Provider | | Region | NA | | Headquarters | West Des Moines, Iowa | | Founded | 2022 | | Stage | Startup | | Employees | 1-10 | | Funding | Seed | ## Overview Mod Advisor is a workers' compensation claims analysis software platform that simplifies experience modification (mod) rating analysis for insurance professionals. Founded by Todd Thams, a 20-year insurance broker, the platform was conceived in 2020 and launched in 2021 to BrokerTech Ventures partners after 15 months of development. Thams sold his family's nearly 90-year-old insurance agency in 2022 to pursue Mod Advisor full time. The platform transforms complex, multi-page loss runs into clean, actionable dashboards using drag-and-drop import tools that automatically extract data from PDF and Excel files. Users can model alternative scenarios, forecast revised mod scores, and generate up to 30 reports from imported data. Mod Advisor serves brokers, carriers, PEOs, and businesses seeking to reduce workers' compensation costs through data-driven insights. Mod Advisor was accepted into the BrokerTech Ventures Accelerator as part of the 2022 cohort, gaining access to some of the largest insurance brokerages in the country. The platform has been recognized as one of the most revolutionary products in the insurtech space, helping agencies differentiate themselves through in-depth workers' compensation analysis. ## Products & services ### Loss Run Import Tool Automated data extraction tool that converts PDF and Excel loss run documents into structured, actionable dashboards. Users simply drag and drop claim files, and Mod Advisor automatically extracts and organizes the data. **Key features:** - Drag\-and\-drop PDF and Excel file import - Automatic data extraction and structuring - Instant conversion to interactive dashboards - No spreadsheets required *Target users:* Brokers, carriers, and PEOs managing workers' compensation accounts ### Experience Mod Analysis Scenario modeling and mod score forecasting engine that allows users to project future experience modification ratings with and without open claim reserves. **Key features:** - Experience mod breakdown and detailed analysis - Future mod score projections and forecasting - Scenario modeling with and without open reserves - NCCI bureau report import capabilities *Target users:* Brokers advising clients on workers' compensation costs ### Interactive Claims Dashboards Comprehensive claims filtering and visualization platform that reveals frequency and severity trends across policy years. **Key features:** - Filtering by claim status, type, cost range, body part, day of week, and month - Outlier identification and reserve\-driven mod inflation detection - Custom dashboards revealing mod\-impacting trends - Intelligence dashboard with single\-page account overview *Target users:* Brokers, carriers, and risk managers ### Performance Benchmarking Industry comparison tool that benchmarks client performance against peers using multiple classification factors. **Key features:** - Benchmarking by NAICS code, class code, and geography - Peer comparison analytics - Performance trend visualization *Target users:* Brokers and underwriters evaluating account performance ### Visual Reporting Presentation-ready reporting tools for mod comparisons and claim performance communication. **Key features:** - Mod comparison reports - Claim performance visualizations - Presentation\-ready output formats - Up to 30 report types from imported data *Target users:* Brokers preparing client presentations and renewal discussions ### Solution Center Resource hub focused on workers' compensation compliance and best practices. **Key features:** - State compliance information - Return\-to\-work program guidance - Workers' compensation educational resources *Target users:* Brokers and employers managing workers' compensation programs ## Category & focus - Subcategories: Workers Compensation Analytics, Experience Mod Analysis, Claims Analytics - Insurance verticals: Workers Compensation - Target customers: Brokers, Carriers, Agents/Agencies, Employers ## Notable customers - InterWest Insurance Services ## Links - Website: - Directory profile: - Blog: - Contact: - Linkedin: - Security: - Demo/contact: - System status: --- *Last updated: 2026\-03\-25*