Residual Market Management Summary 2021

Posted Date: Current

NCCI's Residual Market Management Summary 2021 (PDF) is the best source for obtaining facts and figures about the workers compensation residual market plans and reinsurance pools that we service.

Highlights include:

For Policy Year (PY) 2021, the combined ultimate written premium for all reinsurance pools serviced by NCCI is projected to be $741 million, representing a 3% decrease from PY 2020
The net operating results for PY 2021 are projected as an ultimate operating loss of $46 million, representing a combined ratio of 106%
Total 2021 premium in the residual market reinsurance pools was reported at $1.149 billion and represents a 6.2% market share
The residual market continues to be stable due to the effective partnership of all residual market stakeholders, including insurance carriers, regulatory agencies, and residual market administrators