article thumbnail

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.

article thumbnail

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

Neilson Marketing Services

across personal and commercial lines 6%–12% on workerscompensation And often lower for networked or fee-split agencies So, a $10M premium book might only generate $1.25M in revenue, but public data vendors still classify it as a “$10M agency.” Mistaking premium volume for revenue.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Triple-I: Workers Compensation

Despite recently posting its most favorable underwriting performance since 2013, the property/casualty insurance industry faces several obstacles to continued progress, particularly from tariffs issued by the Trump Administration. By Lewis Nibbelin , Contributing Writer, Triple-I Global economic uncertainty emerging from recent U.S.

article thumbnail

Summit Expands Workers’ Comp Coverage to Illinois

Insurance Journal

Summit, a regional provider of workerscompensation insurance services, announced the expansion of its coverage into Illinois.

article thumbnail

Workers Comp:Resilient and Relevant

Triple-I: Workers Compensation

Despite early “dire estimates” of how the COVID-19 pandemic might affect the workers compensation insurance sector, the system has proved to be resilient, according to Bill Donnell, president and CEO of the National Council on Compensation Insurance (NCCI).

article thumbnail

Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The report was released during a members-only webinar on Oct. The industry’s estimated net combined ratio of 99.4 represented a 2.3-points

article thumbnail

Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation

Triple-I: Workers Compensation

The lines of coverage written typically are those with more predictable losses, such as workers compensation, general liability, and automobile liability and physical damage.” Group captives can provide a viable way to protect companies across several lines of casualty insurance.