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Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit. A ratio above 100 indicates a loss.

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The Hidden Cost of Bad P&C Insurance Data — And Why You Can’t Build a Reliable Dataset In-House

Neilson Marketing Services

The Revenue Illusion: Why Premium Volume ≠ Revenue Another major misstep? Mistaking premium volume for revenue. Retail agencies don’t earn the full premium — they earn commissions, typically: ~12.5%

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BRIC Funding Loss Underscores Needfor Collective Actionon Climate Resilience

Triple-I: Homeowners Insurance

Others for example, improved building and zoning codes that could help reduce losses and improve insurance affordability have met persistent local resistance. Thanks to the engagement and collaboration of a range of stakeholders, some of these factors in some states are being addressed.

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JIF 2025: U.S. Policy Changes and Uncertainty Imperil Insurance Affordability

Triple-I: Workers Compensation

policy actions was a major concern for thought leaders on the “Economics, Underwriting, and Geopolitics” panel at Triple-I’s Joint Industry Forum in Chicago. P/C replacement costs will likely rise throughout the industry, leading to higher claim payouts and, consequently, premium rates. alone, according to the U.S.

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US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

property/casualty insurance industry recorded a net underwriting gain of $3.7 “After years of consistent losses, premium growth is helping the overall … billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

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US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

property/casualty insurance industry recorded a net underwriting gain of $3.7 “After years of consistent losses, premium growth is helping the overall … billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

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P/C Premium Growth Likely But Profits Delayed Until 2025: Forecast

Insurance Journal

Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insurance Information Institute (Triple-I) …