Donna Glenn, chief actuary of the National Council on Compensation Insurance (NCCI), recently spoke with Insurance Information Institute CEO Sean Kevelighan. They discussed how the workers comp industry has responded and adapted to changes in the workforce and economy over the past two years.
“The industry was in a solid position
pre-pandemic and is in a strong position
post-pandemic,” Glenn said. “Right now, strong employment and wages are on the rise. All of that’s fueling the workers comp system.”
During the exchange, Glenn shared her perspective on the brief recession, the Great Reshuffle, changes in claim frequency, and upward pressure for short-tenured workers. She also touched on medical trends and how utilization is offsetting medical inflation and the cost of workers compensation claims.
View the full conversation with Glenn and Kevelighan below.
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