The workers’ compensation insurance industry posted an 86% combined ratio in 2024—marking its 11th straight year of underwriting gains, according to NCCI’s State of the Line report.
Triple-digit growth among top fronting carriers and evolving reinsurance strategies signal promising future despite performance headwinds in key lines, Gallagher Re reports.
AI-driven innovation and strategic investments fuel the ‘insurtech spring’ as P&C insurtechs lead recovery with $1.13 billion in fresh capital, Gallagher Re reports.
Nearly 60% of companies expect negative financial impact from Trump trade policies, matching losses from Ukraine conflict as political risk reaches enterprise-level concern, Willis finds.
Although mental health claims make up less than 2% of workers’ comp cases, they can triple claim duration, but early behavioral health intervention offers a powerful solution, dramatically improving recovery timelines and return-to-work outcomes.
As P&C insurers shift toward “predict and prevent” models, fee-based risk management services could more than double revenue by 2030, transforming traditional business approaches, Deloitte says.
Both executives demonstrate how risk professionals have become driving forces behind business resilience and innovation in their respective industries.