https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/181/Workers-Comp-Underwriting-Trends/
... firming. The National Council on Compensation Insurance (NCCI) reported an industry pure loss ratio of 71.2 % for the third quarter of 1999, compared to 59.1 % in 1997. When these statistics were announced, NCCI President and CEO Bill Schrempf stated, Free market competition, declining reserves, and a growing challenge to existing benefit levels across the country continue to place pressure on the market. Workers Compensation pricing has not yet fully responded to industry pressures. Currently both reinsurers and carriers, after reporting less-than-ideal bottom-line results, are evaluating and ... We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Workers Comp Underwriting Trends 4/30/2013 12:00:00 AM by CompleteMarkets Editor , David Blessing This content has not been rated yet. At the end of the last decade, most companies weren't focusing on changing their Workers Compensation programs. Prices had ... decreasing or were flat for many years, and coverage was easy to come by. Now the Workers Compensation market is beginning to change. Risk managers will see the following underwriting trends during the next few years: Trend 1: The market appears to be shifting. During the 1990s Workers Compensation pricing conditions were the softest that almost anyone can remember. The popularity of guaranteed cost programs exploded, and many risk managers were able to remove liabilities from their balance sheets at attractive prices. Now there are indications that the market is firming ...
https://completemarkets.com/Article/article-post/181/Workers-Comp-Underwriting-Trends/
Workers Comp Underwriting Trends
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