The U.S. workers compensation insurance market has the “strongest profitability” of all lines of property/casualty business, posting an 86% combined ratio in 2023, according to the National Council on Compensation Insurance’s (NCCI) annual State of the Line repor
Tag: Workers Comp profitability
U.S. Workers Comp Market to Report Strong Profitability in 2020: Fitch Ratings
Fitch Ratings has recently released a report that shows how the US workers compensation insurance market is positioned to report strong profitability in 2020. Despite considerable economic challenges from the ongoing coronavirus pandemic, the declines in economic activity led to reduced claims frequency that are currently outpacing pandemic-related losses. However, it’s been predicted by Fitch… Continue reading U.S. Workers Comp Market to Report Strong Profitability in 2020: Fitch Ratings