Workers Compensation and the New Economy: Trends, Challenges, and Opportunities

This PowerPoint report explores in depth labor market trends, beginning with a look at how the economy will impact workers compensation growth and performance. It states that with the unemployment rate falling to the lowest level since 2008 and payrolls expanding to a record high, the recovery is forecasted to continue into 2016. A look at unemployment and underemployment, an analysis of the latest data on payroll vs. workers compensation net written premiums from 1990 to 2015, positive labor market developments, adverse long-term labor market developments, a construction industry overview and outlook and a look at the manufacturing and energy sectors is also discussed. This information is then presented in context of broader insurance industry financials and growth in a challenging environment. It closes with a discussion of the gig economy and the impact that it is already having on insurers. Also discussed is the Internet of Things, ingestibles, the state of insurance technology and how Fin Tech is impacting the industry.