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Workers’ Compensation & Other Insurance Funds in the US - Industry Market Research Report

  • March 2017
  • -
  • Ibisworld
  • -
  • 38 pages

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You're covered: A growing number of employees will stabilize insurance premiums

Abstract
Workers' Compensation & Other Insurance Funds in the US
Workers' Compensation & Other Insurance Funds industry is pivotal in providing workers' compensation, medical liability and other property and casualty (P&C) insurance.

Over the five years to 2017, industry revenue is anticipated to have increased. The period marked the start of a hardening cycle within the broader insurance sector, which is characterized by increasing demand and premium prices. The industry benefited from this despite the continued privatization of state workers' compensation systems and greater competition from P&C insurers. The overall rate of employment in the United States has been one reason for increased demand for industry services. In line with this recent growth, IBISWorld expects the industry to continue to grow over the five years to 2022.

This industry comprises legal entities (i.e. funds), except pensions and health and welfare-related employee benefit funds, organized to provide insurance exclusively for the fund’s sponsor, firm or its employees or members. Funds are generally established by state governments, industry associations, unions and large companies. Mutual insurance companies are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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