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Marsh Predicts Continued Rate Pressure, Consolidations in 2016

Thursday, January 21, 2016 | 0

Employers will increasingly use wearable devices this year to improve workplace safety and telemedicine as a way to achieve better workers’ compensation claim outcomes, according to a trend analysis by Marsh’s U.S. Casualty Practice. Meanwhile, insurers’ results will be under pressure as rates remain low, the analysis said. But increased exposures due to the economic recovery have helped lessen the impacts of lower rates. “This dynamic should continue to offset the downward rate pressure in 2016 on competitive lines of coverage, including workers&r...

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