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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.

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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

P&C insurance industry’s financial outcomes for 2024 revealed a net combined ratio (NCR) of 96.6, Personal auto insurers reported a 2024 NCR of 95.3, This advancement was largely attributable to robust net written premium (NWP) expansion, with growth rates of 14.4 Homeowners’ insurance experienced an 11.2-point

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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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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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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 industry’s estimated net combined ratio of 99.4 The line’s 2024 net written premium growth rate of 14.5

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Pandemic Fuels Growth in Captive Insurance

Triple-I: Workers Compensation

The global insurance broker and risk advisor’s survey of more than 1,300 captives also shows that gross written premiums in this area grew from $54 billion in 2019 to nearly $61 billion in 2020. For many organizations, captive insurance provides a viable alternative for these risks.