Mega-Trends Influencing The Workers Compensation Insurance Industry

Mega-Trends Influencing The Workers Compensation Insurance Industry

Dr. Steven N. Weisbart, CLU
January 31, 2012

This PowerPoint report, presented by Steven Weisbart, senior vice president and chief economist of the Insurance Information Institute at the 9th Annual National Workers’ Compensation Insurance ExecuSummit, identifies and discusses six mega-trends that will affect the workers compensation insurance market. The trends are an exposure base that is growing but with a different mix of risks, continuing improvements in workplace safety, inflation, low investment returns, an aging workforce and the obesity epidemic. A discussion of the first trend includes an industry and occupation growth analysis, noting that the healthcare, education and services industries will lead growth in the industry.

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