In 2020, total direct premiums written under workers' compensation reached more than $51 billion, according to the National Association of Insurance Commissioners (NAIC), while direct premiums earned exceed $51.3 billion.

These overall totals are down slightly from the year prior, NAIC data shows. Some of this downward pressure came from pre-pandemic workers' compensation trends of declining loss costs and expense ratio gains being exacerbated by COVID, making the need for better underwriting and portfolio management practices even more pressing as we move into the "next normal," according to Insurity LLC.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Analytics & Data
Commercial Lines
Workers' Comp