Residual Market Management Summary 2023

Posted Date: Current

NCCI's Residual Market Management Summary 2023 (PDF) continues to be the best source for obtaining facts and figures about the workers compensation residual market plans and reinsurance pools that NCCI services.

Key Takeaways

The residual market continues to be stable, effectively managed, and self‐sufficient, providing a significant contribution to fostering a healthy workers compensation system
Total 2023 Calendar Year (CY) residual market premium in the 21 states in which NCCI is the Plan Administrator was reported at $614 million and represents a 4.4% market share, which is the lowest level since 2011
Calendar Year 2023 financial results represent an aggregated combined ratio of 100.9% and the 10-year combined ratio for Calendar Years 2014–2023 is 83.7%

NCCI is committed to our partnership with all residual market stakeholders―including insurance carriers, regulatory agencies, and residual market administrators―in maintaining an effective residual market that is responsive to the needs of injured workers and employers.