Today’s issue of WorkCompRecap features NCCI’s release of its “State of the Line” Report, which was delivered by Chief Actuary Kathy Antonello at NCCI’s Annual Issues Symposium, which celebrated its 30th anniversary last week.
Key findings from this year’s report included that the CY 2017 combined ratio for private carriers was 89%, marking the fourth consecutive year that the workers’ comp line of business has posted an underwriting gain. Total market net written premium volume declined slightly in 2017 to $45 billion. NCCI President and CEO Bill Donnell presented the word for the year, “connecting” at the symposium, noting that the success for the system lies in connecting to the work, workers and workplace of the future, and that it will ultimately be measured by “how we embrace technology to deliver our services and positively impact workplace safety and return-to-work efforts.”
Find out more (including a link to the free report!) by clicking here!