Residual Market Management Summary 2022

Posted Date: Current

NCCI's Residual Market Management Summary 2022 (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.

Highlights include:

The residual market continues to be stable and self‐sufficient, providing a significant contribution to fostering a healthy workers compensation system
For Policy Year (PY) 2022, the combined ultimate written premium for all reinsurance pools serviced by NCCI is projected to be $775 million, representing a slight decrease from the ultimate projection of $777 million from PY 2021
The net operating results for PY 2022 are projected as an ultimate operating loss of $40 million, representing a combined ratio of 105%
Total 2022 premium in the residual market reinsurance pools was reported at $1.2 billion and represents a 6.1% market share

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.