A Century of Workers’ Comp Data: Here’s What the NCCI Has Learned Along the Way

From its inception in 1923, the National Council on Compensation Insurance (NCCI) has provided a wealth of data and information on the workers’ comp space.

Now, as NCCI celebrates its 100th year, it looks to note the changes and advancements the workers’ comp system encountered throughout the past century. However, the trends and challenges that have taken center stage since 1923 remain, in some ways, timeless.

‘While the challenges currently facing the WC system may seem unique, the themes are quite reminiscent of historical challenges the industry has faced -- inflation, changing benefit levels, data availability and catastrophic events,’ according to an NCCI-published piece entitled ‘100 Years of Ratemaking.’

The report discussed the various changes the industry has experienced and how aspects of ratemaking -- data collection, exposure bases and cost drivers -- have been altered as a result.