Aging workforce, wage inflation, and litigation pressure are reshaping carrier appetite and pricing dynamics
Ongoing labor shortages, rising wages, and regional litigation spikes are converging to reshape the US workers’ compensation market – squeezing carrier margins, shifting underwriting appetite, and prompting new pricing strategies.
“I anticipate that we will continue to see ongoing labor shortages as a result of the continuing demographic shift, primarily as an outcome of an aging workforce,” said Becky Pinto (pictured), president of Arrowhead’s Workers’ Compensation Division.
That demographic shift is accelerating employer interest in automation and robotics to maintai…