Getting Ahead Of The Workers Compensation Cycle
Year in and year out, states workers compensation systems are buffeted by a seemingly endless series of changes in a variety of factors. Among the most basic of these are changes in legislated benefits, loss cost inflation, accident frequency and claims severity. Add to this mix changes in approved rates, premium credits and policy dividends, and you have a scenario that should keep actuarial experts in the workers comp field employed for some time.
As if this werent enough, mix in the major changes in carrier reserving postures that occur from time to time and you can 
understand why insurers are often the last to know whether theyre making money–or more often losing it hand over fist–on a given states comp writings. Doesnt sound as if many workers comp market participants are enjoying the experience, does it?
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