The Workers’ Compensation market is characterized as stable, but changes in the nation’s workforce—coupled with rapid-fire technological advancements—threaten to upset the balance of the industry.

The industry’s financial outlook is positive; the National Council for Compensation Insurance (NCCI) describes it in its State of the Line Workers’ Compensation Market Analysis as, “calm now, but turbulence ahead.” During the Florida rate-making and research organization’s recent annual conference, NCCI noted the 2014 calendar year combined ratio for the private Workers’ Compensation market was below 100 for the first time since 2006, total net written premium for the year was up 6% to $44.2 billion, and lost time claim frequency dropped by an average 2% among NCCI states.

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Nancy Grover

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