Workers’ Compensation & Other Insurance Funds in the US - Industry Market Research Report

Workers’ Compensation & Other Insurance Funds in the US - Industry Market Research Report

  • June 2020 •
  • 38 pages •
  • Report ID: 398015 •
  • Format: PDF
Payback time: Increased employment will likely enable operators to achieve higher premiums

Abstract

Workers’ Compensation & Other Insurance Funds in the US
Over the five years to 2019, the national unemployment rate has decreased. As more people are employed and need workers’ compensation coverage, Workers’ Compensation and Other Insurance Funds industry operators are able to underwrite more policies. Additionally, the portion of premiums that are invested in financial markets by industry operators has benefited from bull markets in numerous asset classes. In line with this recent growth, IBISWorld expects the industry to continue to grow over the five years to 2024. Employment is expected to remain stable during the period, which should enable industry operators to achieve constantly higher premiums.

This industry comprises legal entities (i.e. funds), except pensions and health and welfare-related employee benefit funds, organized to provide insurance exclusively for the fund’s sponsor, firm or its employees or members. Funds are generally established by state governments, industry associations, unions and large companies. Mutual insurance companies are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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