Our exclusive research, generated from $60 billion in workers’ compensation policy and claims data contained within the Valen Data Consortium, identifies four trends that provide a ground-level view of how the COVID-19 pandemic and current market conditions are  impacting workers’ compensation insurers.  

 

With loss costs on a downward trend for years and expense ratios climbing—COVID-19 has put gas on a fire that was essentially already burning—accelerating the need for better underwriting and portfolio management practices within insurance organizations. The trends identified within this report underscore why workers’ compensation insurers must begin selecting and pricing risk with a new level of accuracy and efficiency.  


Download the report to learn 

  • Four key trends that provide a ground-level view of how COVID is impacting new business quotes, renewal rates, and payrolls 
  • Which industries have been most impacted by the pandemic relative to new business submissions 
  • Why improved risk selection and underwriting practices are critical to retaining and competing for premium in the current and post-COVID markets 
  • Six pragmatic ways that workers’ compensation insurers can implement data analytics solutions to navigate the current market conditions 


About the Valen Data Consortium

The Valen Data Consortium is the largest proprietary database of P&C policy, claims, billing, and submission data. With over 20 years of workers’ compensation policy data, Insurity can identify industry trends and generate insights that are credible and representative of the industry due to the sheer volume of policy data contained within our studies. 


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