June 12, 2018

WorkCompRecap: Set to Improve!

Today’s issue of WorkCompRecap features some new research from Fitch Ratings that found that underwriting results for the U.S. workers’ compensation market are set to improve over the remainder of 2013, reversing several years of poor performance.

According to the report, workers’ comp pricing has increased for two consecutive years with little sign that pricing trends will reverse in the near term, and while workers’ comp has been the worst-performing major commercial lines segment for some time, the 2012 industry aggregate segment combined ratio improved to 110% from 117% in 2011, with Fitch projecting it at 105% for 2013.

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