Fitch Predicts Ongoing Work Comp Underwriting Profits

The U.S. workers’ compensation market is on track for another year of underwriting profit, a trend that analysts at Fitch Ratings expect to continue into 2020. But threats to underwriting profitability are looming, Fitch said in a report released Tuesday, including ongoing insurance rate decreases and potential erosion of workers’ comp reform measures. “All good things eventually come to an end, and these favorable underwriting profits are not sustainable in the long term in light of competitive forces, recent price deterioration and potential for future claim...