Texas Workers’ CompensationInsurance MarketPresentation for the Workers’ Compensation2012 Biennial Rate Hearing
Texas Department of Insurance
Property and Casualty Actuarial Office
December, 2012
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Market and Profitability
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Texas Workers' CompensationDirect Written Premium in Billions
Source: TDI Compilation of Texas Statutory Page 14 of the NAIC Annual Statements prepared by the Texas Department of Insurance.
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Texas Workers' CompensationChange in Direct Written Premium from Prior Year
Source: TDI Compilation of Texas Statutory Page 14 of the NAIC Annual Statements prepared by the Texas Department of Insurance.
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Texas Workers' CompensationProjected Ultimate Calendar/Accident Year Loss and Combined Ratios
Source: Texas Workers’ Compensation Financial Data Call, Texas Compilation of Statutory Page 14, Texas Compilation of theInsurance Expense Exhibit.
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Rates and Premiums
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Texas Workers' CompensationSummary of Companies Indications Filed in August 2012Based on Experience Through 12/31/2011
Source: Company rate filings received by the Texas Department of Insurance in response to Commissioner's Bulletin B-0015-12.
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Texas Workers' CompensationAverage Premium per $100 of Payroll
Source: Texas Workers’ Compensation Financial Data Call, and the Department's 2011 Classification Relativity Study.
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Texas Workers' Compensation Average Premium, Loss, and Expense per $100 Payroll
Source: NCCI Financial Data Call, NCCI Financial Data Package, TX Compilation of Statutory Page 14, TX Compilation of IEE.
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Texas Workers' CompensationComparison of Relative Change in Average Premiums, Schedule Rating Factorsand Rate Levels
Source: Texas Workers’ Compensation Financial Data Call, and insurance company rate filings.
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Certified HealthcareNetworks
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Texas Workers' Compensation Undeveloped Incurred Loss Ratios for Network and Non-Network Experience
Source: Texas Department of Insurance Workers’ Compensation Network Data Call.
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Summary