Today’s issue of WorkCompRecap finishes up the year with some looks forward to 2014, starting with Valen Analytics, who expanded on an earlier outlook report to showcase how workers’ comp is at risk for market share consolidation.
Pointing to stats from A.M. Best, Valen noted that workers’ comp is near to mirroring personal lines from an overall performance perspective, and indicated that as worker’s comp continues to improve with carriers’ adoption of new tools and analytics helping them develop increasingly sophisticated pricing strategies, market share consolidation will be a major trend to monitor in the coming year.
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WorkCompWire continues on “Holiday Schedule” this week.
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