Orlando, FL (WorkersCompensation.com) - The National Council on Compensation Insurance (NCCI) is holding its Annual Issues Symposium (AIS)—The System@Work May 17–19, in Orlando, FL.
This year's event opened with NCCI President and CEO Bill Donnell, CPCU, emphasizing the importance of staying relevant during times of constant change. The 900-plus attendees heard him speak of the evolving workplace, new technologies, and industry disruptors. He emphasized strategies for the workers compensation industry to remain relevant by ensuring a healthy and balanced system for workers and employers alike.
As is tradition with NCCI CEOs at AIS, Donnell revealed this year's word—Adapting—to describe the path forward for the workers compensation industry to successfully advance in today's change-driven environment.
The National Council on Compensation Insurance (NCCI) released its highly anticipated annual State of the Line Guide (PDF) today, the industry's most extensive workers compensation market analysis.
As presented in this year's State of the Line Report, the workers compensation Calendar Year 2016 combined ratio for private carriers was 94%. This is the second consecutive year the industry has posted a six-point underwriting gain. Total market net written premium volume remained steady between 2015 and 2016 at $45.5 billion.