Insurers assist employees recovering from workplace incidents by organising medical benefits and workers' compensation schemes. The largest employers' liability insurers are the statutory authorities of the state governments. As employers' liability insurance is mandatory for many businesses, premium revenue is driven by the number of employees in the labour force and is linked to employees' remuneration. While this is a tangible measure, investment income is a less certain component of revenue. In normal trading conditions, investment income can contribute up to 20.0% of industry revenue.
This industry underwrites (i.e. assuming the risk and assigning premiums) workers' compensation insurance, which protects businesses from liabilities relating to injuries at the workplace. This industry excludes self-insurers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.