This article delves into the requirements for occupational accident insurance for transportation network companies (TNCs) and delivery network companies (DNCs) and compares them to workers’ compensation insurance.

Data submitted through May 28, 2024

Acquiring a new business presents challenges for chief risk officers (CROs) and other risk professionals, especially when combining self-insured or large deductible insurance programs.

Workers’ Comp for 2021: Policyholders’ surplus soars, direct written premium slightly rebounds, and ratios for defense-and-cost-containment expenses rise.

Inflation can affect worker’s compensation due to its long-tailed nature, and we can estimate the impact using some simplifying assumptions. 

We discuss examples of wearable technology, the impact on workers’ compensation loss experience, how insurance carriers are reacting, and how your actuary can help determine whether wearables are appropriate for your business.

In 2009, Milliman created a nationwide workers' compensation database consisting of $61.8 billion of incurred losses across all 50 states. We continue to update this database on an ongoing basis.

Claim analytics using artificial intelligence represents a proven method to reduce claim severity and improve the efficiency of claim-handling resources.

Nodal™, our web-based predictive modeling and decision-support system, accurately identified 95% of high-cost claims for the Intergovernmental Risk Management Agency before they happened, reducing costs by over 15%.

Today, the advances with machine learning software and text-mining algorithms are necessary tools for the early identification of claims most likely to become excess loss claims.

What are the risks associated with uninsured subcontractors and what can be done to prevent them from threatening a company’s bottom line?

Workers’ compensation remains one of the most complex exposures for employers. This study provides fundamental healthcare industry benchmarks from which informed decisions related to managing workers’ compensation in California can be made.