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Workers' Compensation Insurance in the US - Industry Market Research Report

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    Report

  • 40 Pages
  • January 2022
  • Region: United States
  • IBISWorld
  • ID: 3799407

On the Mend: Rising Medical Costs Will Likely Hurt Revenue Growth

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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources

INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle

PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations

COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization

MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance

KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios

JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • The Travelers Companies Inc.
  • Hartford Financial Services Group Inc.
  • Zurich Insurance Group Ltd.

Methodology

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