Residual Market Management Summary 2017

Posted Date: June 22, 2018
    

The National Council on Compensation Insurance’s (NCCI) Residual Market Management Summary 2017 (PDF) is the best source for obtaining facts and figures about the workers compensation residual market plans and reinsurance pools that NCCI services.

In 2017, we had another successful year based on all the key metrics used to evaluate the workers compensation residual markets managed by NCCI. This marks the fifth year in a row where the residual market premium, market share, and operating results have remained stable—a notable achievement given the potential for volatility in the residual markets. Highlights include:

  • Projected ultimate residual market written premium for Policy Year 2017 is $1.0 billion
  • The residual market share of the overall workers compensation market is down to 7.5% in 2017 from 7.7% in 2016
  • The $65 million estimated 2017 operating deficit is a manageable -0.4% of voluntary workers compensation premium
  • Customer satisfaction is high