The workers' compensation insurance sector's rising profits may face a threat now from increasing accident year losses, according to a new study by Conning Research and Consulting.
Insurers who address the root causes of severity growth can protect their profitability, the report noted.
Mark Jablonowski, analyst at Conning Research & Consulting, said the workers' comp line of insurance has seen a steady decrease in frequency over the past ten years.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.