Workers’ Compensation Insurance - Industry Market Research Report

Workers’ Compensation Insurance - Industry Market Research Report

  • February 2019 •
  • 37 pages •
  • Report ID: 5204663 •
  • Format: PDF
Claim accepted: Rising interest rates are anticipated to boost industry revenue and profitability

Abstract

Workers’ Compensation Insurance
Rebounding labor market conditions and surging equity markets have driven performance in the Workers’ Compensation Insurance industry. Largely due to improving employment conditions, net workers’ compensation premiums written increased. In total, increased policy volumes and improvements in the labor market are expected to increase industry revenue over the five years to 2018. While industry operators only invest a portion of assets in equities, appreciating equity prices help boost industry profitability. Over the five years to 2023, industry revenue is forecast to increase. Coupled with a favorable employment outlook, rising interest rates are anticipated to boost industry revenue moving forward.

This industry underwrites (i.e. assumes the risk and assigns premiums for) workers’ compensation insurance, which protects businesses from liabilities related to injuries at the workplace.

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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