The Workers' Compensation market is characterized as stable, butchanges in the nation's workforce—coupled with rapid-firetechnological advancements—threaten to upset the balance of theindustry.

The industry's financial outlook is positive; the NationalCouncil for Compensation Insurance (NCCI) describes it in its Stateof the Line Workers' Compensation Market Analysis as, “calm now,but turbulence ahead.” During the Florida rate-making and researchorganization's recent annual conference, NCCI noted the 2014calendar year combined ratio for the private Workers' Compensationmarket was below 100 for the first time since 2006, total netwritten premium for the year was up 6% to $44.2 billion, and losttime claim frequency dropped by an average 2% among NCCIstates.

Among the factors challenging the Workers' Compensation systemare increasing medical costs, threats to the industry's securitysystems and the changing nature of the workforce. However, manyorganizations are seeking solutions by using technology to preventinjuries and to identify and address high-risk claims.