Workers' compensation is the largest segment of all U.S. commercial lines, representing 18 percent of property/casualty industry commercial lines net written premiums in 2012, and has also been the worst-performing major commercial lines segment for some time, according to a new Fitch Ratings report.

However, underwriting results for the U.S. workers' compensation market are set to improve over the remainder of 2013, reversing several years of poor performance; also, the 2012 industry aggregate segment combined ratio improved to 110 percent from 117 percent in the prior year. In its report, “Workers' Compensation Insurance Market Update,” Fitch projects a 105-percent workers' compensation calendar year combined ratio in 2013.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access