Nationwide Council on Compensation Insurance coverage (NCCI) to Reveal Report on Employees Compensation Efficiency Could 11-12, 2021

“The system is strong, resilient, and designed to help injured workers,” said Bill Donnell, President and CEO of NCCI.

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“Our NCCI team will provide a detailed look at the performance of the employee compensation system in 2020 amid the extraordinary pressures of the COVID-19 pandemic,” he said Bill Donnell, President and CEO of NCCI. “The system is strong, resilient and designed to help injured workers. While industry premiums have fallen significantly, other key metrics such as combined ratio and reserve strength remain at or near historic highs.”

NCCI Chief Actuary Donna Glenn and her team will share key data points and provide trend reports on:

• The Impact of the Pandemic Recession and Recovery on the U.S. Workforce and Payroll
• Insights into tens of thousands of COVID-19 worker compensation claims
• The influence of regulatory measures, including changes in the presumption of coverage
• Analysis of the return on employee compensation and the frequency and severity of claims

“The employee compensation system faced a number of uncertainties a year ago,” said Glenn. “The pandemic continues and our 2021 line status report will provide more clarity on how this vital insurance line is responding to help workers when they need it most.”

The two-day program also includes insights into:

• Insurance oversight issues with NCCI’s Chief Regulatory Officer Susan L. Donegan and Arkansas Insurance Commissioner Alan McClain
• Insights into the time to treatment of Barry Lipton, Practice Manager and Senior Actuary at NCCI
• The risks of escalating claims with Raji Chadarevian, NCCI Director of Medical Regulation and Informatics
• Economic and COVID disruptions from economists Bob Hartwig
• Insights into the leadership and a conversation with the former CEO of Boeing and Ford Alan Mulally
• Potential game changers for working with quantitative futurists, Amy Webb.

Participation is free, but registration is required. For more information and a place at AIS, visit ncci.com/AIS.

About NCCI
NCCI’s mission was founded in 1923 and is to promote a system of compensation for healthy workers. To support this mission, NCCI collects data, analyzes industry trends and gives objective recommendations on insurance rates and loss costs. These activities, combined with a comprehensive set of tools and services, make NCCI the source you can trust for compensation information.

Media contact:
Cristine Pike
Manager, Communication, NCCI
[email protected]
561-893-3631

SOURCE NCCI

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