Residual Market Management Summary 2024

Posted Date: Current

NCCI's Residual Market Management Summary 2024 (PDF) continues to be the best source for obtaining data about the workers compensation residual market plans and reinsurance pools that NCCI services.

Key Takeaways

Aided by effective depopulation programs, residual market premium volume for Calendar Year 2024 continued to decline and is at its lowest level since 2011
The 2024 residual market premium market share of total workers compensation premium is also at its lowest level in 13 years
Calendar Year 2024 combined ratio is 86% for aggregated results of all reinsurance pools managed by NCCI
The newly established Oklahoma residual market mechanism was successfully implemented with an effective date of June 1, 2024, and with reinsurance provided through the National Workers Compensation Reinsurance Association

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.