Workers’ Compensation As 2025 began, the U.S. Workers’ Compensation insurance market was poised to maintain its overall stability. The market continues to perform strongly but emerging challenges and demographic shifts could drive up claim costs. Future trends to consider include the legalization of marijuana in the workplace, stress as a claim and overall claim severity. Due to its profitability, Workers’ Compensation is required by most carriers to consider alongside General Liability and Automobile lines. Rates continue to experience decreases driven by market competition, reforecasted exposures, remote work and lower loss frequency. Of all casualty lines, Workers’ Compensation is the only line of business experiencing rate reductions. Expected renewal rates are anticipated at -5% to 5%, based on industry and blend of class code. Premium Change for Workers’ Compensation | 2014 - 2024
0 1 2 3 4 5
Q1 2014 4.1%
Q1 2021 1.0%
Premium Change for Workers’ Compensation 2014 - 2024
Q1 2022 0.3%
Q1 2023 -0.5%
Q1 2015 -0.4%
Q1 2020 -1.2%
Q1 2017 -1.9%
-5 -4 -3 -2 -1
Source: CIAB Q4 2024 Commercial Property/ Casualty Market Index
Q1 2018 -2.0%
Q4 2024 -1.8%
Q1 2024 -1.8%
Q1 2016 -3.0%
Q1 2019 -3.3%
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