Trends to watch in tomorrow's workers' comp market

Getting ahead of market trends will help maintain stable, cost-effective workers’ comp programs.

By Alex Wells | March 28, 2022 at 12:30 AM

Yet, today’s workers’ compensation line remains profitable, delivering favorable combined ratios overall. In fact, industry combined ratios have steadily improved since the late 1990s, when some carriers’ combined ratios spiked over 120%. (Credit: Rawpixel.com/Shutterstock.com)

Editor’s Note: This article is part of a four-part series from Zurich North America and focuses on the current and historical trends in general liability lines. The final article will focus on commercial property insurance, while the first installment reviewed commercial auto insurance and the second piece looked at general liability.

Like other lines of business insurance, workers’ compensation prices and performance have historically been affected by an “underwriting cycle” driven by the ebb and flow of markets in transition.

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