Conning Research: Workers' Compensation State Funds - A Significant & Growing Competitive Force

Conning Research: Workers' Compensation State Funds - A Significant & Growing
Competitive Force

HARTFORD, Conn., Oct. 5 /PRNewswire/ -- Workers' compensation state funds have
achieved a significant share of the overall insured workers' compensation
market, with market share increasing in many of the states in which they
write, according to a new study by Conning Research and Consulting.

"Workers Compensation State Funds now control a quarter of the insured workers
compensation market, despite the fact that they only write in 25 states," said
Mark Jablonowski, analyst at Conning Research & Consulting. "In comparison to
the industry as a whole, state funds' loss ratios are higher, but they
compensate with lower expenses and increased investment income. Overall,
operating results are on par with the rest of the workers' compensation
industry."

The Conning Research study, "Workers' Compensation State Funds: Evolution of a
Competitive Force" analyzes the role of state funds and their competitive
positioning versus the traditional workers' compensation marketplace and
alternative forms of workers' compensation risk financing. The study reviews
state funds' financial and marketshare results, their effect on the overall
market, and the prospects for future growth.

"While state funds have strong financial results, there is more to the story
of their successful growth," said Stephan Christiansen, director of research
at Conning. "Our research indicates that a key to the state fund success may
well be their dedicated approach to loss prevention and control. Their mission
often includes shared responsibility for health and safety with other state
agencies, and so they often incorporate state-of-the-art loss prevention
initiatives with financial rewards tied to the insured's loss performance."

"Workers' Compensation State Funds: Evolution of a Competitive Force" is
available for purchase from Conning Research & Consulting by calling (888)
707-1177 or by visiting the company's web site at www.conningresearch.com.

About Conning Research & Consulting

Conning Research & Consulting provides insurance industry analysis to insurers
and industry stakeholders. Its published research includes market coverage of
30 segments of the industry in addition to industry forecasting and
identification and analysis of major strategic issues. As a result of its
wealth of experience and intimate knowledge of the insurance industry, Conning
understands industry challenges and opportunities and provides in-depth
analyses on a wide range of industry products and issues. The Conning name has
represented excellence in independent insurance industry research for 50
years. Conning Research & Consulting is a division of Conning, a provider of
asset management and insurance industry research and consulting services to
insurers. Conning is headquartered in Hartford, CT.

Contact:
Anne Steinberg
Kitchen Public Relations, LLC
212-687-8999
anne@kitchenpr.com

SOURCE Conning Research & Consulting

Anne Steinberg of Kitchen Public Relations, LLC for Conning Research &
Consulting, +1-212-687-8999, anne@kitchenpr.com