Today’s issue of WorkCompRecap features NCCI’s release of its annual State of the Line market analysis, which described the workers’ compensation industry as “adapting”.
Key findings included a Calendar Year 2016 combined ratio for private carriers of 94%, marking the second consecutive year that the industry has posted a six-point underwriting gain. Total market net written premium volume remained steady between 2015 and 2016 at $45.5 billion. NCCI President and CEO Bill Donnell presented the word for the year, “Adapting” at NCCI’s Annual Issues Symposium, describing the path forward for the workers’ comp industry to successfully advance in today’s change-driven environment, as it faces evolving workplaces, new technologies, and industry disruptors.
Find out more (including a link to the free report!) by clicking here!