https://www.ncci.com/Articles/Documents/AIS2018-SOTL-Guide.pdf

The National Council on Compensation Insurance’s Annual Issues Symposium (AIS) took place last week where Kathy Antonello, NCCI’s Chief Actuary delivered the “State of the Line Report” on workers’ comp.

For calendar year 2017, the combined ratio was 89 percent, a 5-point drop from 2016. This marks the fourth year in a row that the industry has posted a gain. Workers’ compensation is the only line of P/C business that had a decrease in net written premiums.

The reserve position for private carriers improved to an estimated $1 billion deficiency, down from a $5 billion deficiency in 2016. Lost-time claim frequency across NCCI states declined by 6 percent in 2017, while average indemnity and medical lost-time claim severities each increased by 4 percent from 2016 values. The workers’ comp Residual Market Pool premium volume declined to $1 billion during 2017, the average residual market share remained at 8 percent.

The AIS 2018 Conference Highlights can be found here.

Check out the full state of the line guide here.