AM Best to Host Briefing on State of the Workers’ Compensation Insurance Market

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best will host a market briefing on the state of the workers’ compensation insurance market on Monday, Nov. 7, 2022, at 1:00 p.m. (EST).

The event will feature a panel of AM Best analysts and industry leaders, who will review market, regulatory and risk issues affecting the workers’ compensation sector. A recent Best’s Market Segment Report notes that the sector has achieved a level of profitability unmatched by any of the other major property/casualty lines of business, but that economic factors could disrupt future results. During the event, the panel will discuss the effects of inflation on the current claims environment and reserves; the impact of economic and unemployment challenges to the market; pricing trends, which could be hampered by inflation; and how machine learning and artificial intelligence is being utilized in pricing, claims and reserving.

To register for briefing, titled, “The Workers’ Comp Market: What to Expect in the Year Ahead” please go to http://www.ambest.com/conferences/workerscomp22/index.html.

Panelists include:

• Richard Ives, vice president, business insurance claims, Travelers;
• Brijesh Kumar, founder and CEO, 4aiSoft;
• Gordon McLean, senior financial analyst, AM Best; and
• Sridhar Manyem, director, industry research and analytics, AM Best (moderator).

Attendees can submit questions during registration or by emailing [e-mail]. The event will be streamed in video and audio formats, and playback will be available to registered viewers shortly after the event.

To access the recent AM Best report, “Workers Compensation Generates Solid Profits but the Future Remains Uncertain,” please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=325081.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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