Challenges Ahead For Workers Compensation As Workplace, Workforce Evolve

Even though financial indicators have been suggesting improvements, the president and CEO of the National Council on Compensation Insurance Inc. (NCCI) has stated that the workers compensation industry should be getting ready for some “difficult times” as the workplace and workforce ecosystem undergoes a considerable evolution.The NCCI is a workers compensation ratings and research organization. At the symposium, Klingel explained that the claim frequency fell in 2015, while there was a 5.7 percent increase in net written premiums, bringing them to a figure that was $44.2 billion greater than that of 2013.