Workers' Compensation Insurance Industry

Table of Contents

1. Workers' Compensation Insurance (WCI) - An Introduction...

• Experience Modification Rating
• Varying Degrees of Concentration Across the WCI Markets Worldwide...
• Table 1: Concentration of Workers' Compensation Insurance Markets Worldwide: Percentage Share of the Market Collectively Held by Top Ten Players (includes corresponding Graph/Chart)
• Spiraling Medical Expenses Bloat WC Losses
• Insurance Groups - A Tough Time for Insurers

2. Regulatory Hurdles

3. Role of Wholesalers

• Saving the Sinking Ship...
• Simplified Underwriting
• Speedy Delivery
• Low Rejection of Risk
• Easy Access to E-commerce
• Outlook...

4. Regional Perspective

4a. United States

• Soaring Health Care Costs Prop Rate Changes
• Self Insurance Programs - Making Their Presence Felt
• Market Overview and Key Statistics
• Table 2: US Recent Past, Current & Future Analysis for Workers Compensation Insurance Market with Premiums in US$ Billion for the Years 2006 through 2010 (includes corresponding Graph/Chart)
• Market Under Consolidation ...
• Table 3: Leading Players in the US Workers' Compensation Market (2004 & 2005): Percentage Share of Direct Premiums Written for American Intl Group, Ace INA Group, CNA Insurance, Hartford Insurance, Liberty Mutual, State Comp Ins Fund, State Ins Fund of NY, St. Paul Travelers Group, Zenith Natl Ins Group, Zurich, and Others (includes corresponding Graph/Chart)
• Table 4: Leading Players in the US Workers' Compensation Casualty Market by Net Premium Written: 2003 (includes corresponding Graph/Chart)
• Table 5: Leading Players in the US Workers' Compensation Insurance market (2001): Direct Premium Written in US$ Billion and Percentage Breakdown for State Compensation Fund, Liberty Mutual Insurance, American Intern Group Inc, Zurich/Farmers Group, CNA Insurance, Royal & SunAlliance USA, Travelers/Citigroup, Kemper Insurance, Hartford Insurance Group, St Paul Cos, and Others (includes corresponding Graph/Chart)
• Table 6: US Workers Compensation Insurance Market - A Past Perspective (includes corresponding Graph/Chart)
• Voluntary Benefits Market...
• The Social Contract Relates to Workers Compensation
• Costs to Employers
• Claim Costs
• Reducing Costs
• Residual Markets
• Terrorism Coverage
• Reforms
• Characteristics of the US Workers' Compensation Market
• Basic Facts about Workers' Compensation
• Factors Determining Premium Growth in Workers' Compensation
• Pricing Mechanism Followed in Various States
• Workers Compensation Fraud- Time to Grub Up
• Californian Market for Workers' Compensation Insurance
• A Problem-Ridden Market...
• Local Companies Fare Poorly...
• The Search is on for Solution...
• A Year of Debacle
• Workplace Deaths and Injuries
• Table 7: Number and Causes for Workplace Casualties in the US: 2002 & 2003(includes corresponding Graph/Chart)
• A Retrospect...
• Table 8: Fatal Occupational Injuries in the US (2000): Number of Fatalities and Fatality Rate for Construction, Transportation, Services, Agriculture, Manufacturing, Retail trade, Government, Wholesale trade, Mining, and Finance (includes corresponding Graph/Chart)
• Alternative Risk Markets in Workers' Compensation
• Group Self-Insurance...
• Individual Self-Insurance...
• Large Deductible Programs...
• Retrospectively Rated Policies...
• 24-Hour Coverage Under Workers' Compensation
• Legal Barriers to 24-Hour Coverage...
• Institutional Barriers to 24-Hour Coverage...
• Regulatory Barriers to 24-Hour Coverage...
• Worker' s Compensation After September 11
• Outlook

4b. Canada

• Workers Compensation/Employers Liability

4c. The Netherlands

• Dutch ' DSLWRA' Insurance
• Table 9: Dutch Disability, Sick Leave, and Work Related Accident (DSLWRA) Insurance Market (2005): Percentage Breakdown by Leading Players - Aegon, Eureko, Fortis, ING, and Others (includes corresponding Graph/Chart)

4d. Hong Kong

• Employees' Compensation

4e. Argentina

• Workers Compensation and Employers' Liability
• Key Benefits of Workers' Compensation Law
• Workers' Compensation - On Road to Profitability
• The Workers' Compensation Law of 1995
• Future Prospects of Insurance Industry in Argentina

4f. Denmark

• A Past Perspective
• Table 10: Industrial Injuries Insurance Industry in Denmark (2002): Gross Premium and Gross Claims in DKK Million by Companies (includes corresponding Graph/Chart)

4g. Chile

• Workmen' s Compensation and Employers' Liability - A Brief Profile
• Coverage Patterns
• Table 11: Chilean Insurance Industry (2001): Percentage Break-up of Workforce Accident by Industry (includes corresponding Graph/Chart)

5. Recent Industry Activity

• AmTrust Completes Acquisition of Associated Industries
• Hilb Rogal & Hobbs to Acquire BACIA
• American Financial Group to Acquire Strategic Comp Holdings
• Coventry Health Care Acquires Certain Mutual of Omaha
• Liberty Mutual Acquires Ohio Casualty
• Alleghany Acquires EDC
• Unitrin to Divest UBI to AmTrust
• Cypress Merges with Arrowhead
• Octagon Risk Services Acquires Managed Care Holdings Corp.
• EMLIC to Acquire Eastern Holding
• Accident Fund Insurance Acquires United Wisconsin
• Equus Acquires 1st Metro Insurance
• Neace Lukens Acquires Integrity Insurance Agency
• Hilb Rogal Acquires Ed Murray & Sons
• Hilb Rogal Acquires True Benchmark
• Stewart Sneed Hewes Group Buys Kyzar & Co
• First Niagara Signs Agreement with LA Lama
• POMCO Acquires HRH Risk Management
• BISYS Group Acquires Uhlemeyer
• Eye Care International Acquires Self Funded Alternatives
• Community First Acquires Arnold & Arnold
• First Health Group Acquires COMP Medical
• Coventry Health Care Plans to Acquire First Health Group
• CMI Management Team Plans to Acquire CompManagement
• KRG Capital Partners LLS Plans to Acquire PPOM LLC
• USI Holdings Acquires Future Planning Associates
• USI Holdings Acquires Benefit Partners of America
• Brown & Brown Acquires Balcones-Southwest
• Milne Scali Acquires Assets of Richard Q Perry
• Arthur Acquires Burch Marcus
• Senn Dunn Acquires Corpening Insurance Center
• Stanton Acquires Harris-Homeyer
• Capital Z Financial Services Acquires SBJ Group
• Arthur J Gallagher & Co Acquires Don Laster Agency
• Senn Dunn Acquires Sterling Financial Services
• AllHealth Acquires The Holland Co.
• Arthur Acquires Obrien
• First Mainstreet Insurance Group Acquires Value Quote Insurance
• Milne Scali & Co Acquires Finkbeiner Agency
• Arthur J. Gallagher & Co Acquires Johnsey Insurance Agency
• Arthur Acquires Burch Marcus
• Milne Scali Acquires IAS
• Arthur J Gallagher Acquires Persac Insurance Agency
• First Place Financial Acquires Weigel Lackey & Ross Insurance
• PacifiCare Health Systems Acquires American Medical Security Group
• Pacificare Health Systems Plans to Acquire Group Health Business of Pacific Life Insurance Group
• Hub International Acquires TILCO Financial Services Limited

6. Strategic Developments in the Past

• Willis Group Acquires Scott Tucker Insurance
• R&K Merges with Albany Health Associates
• Employers Insurance Co. of Nevada Acquires Fremont Compensation Insurance Group
• Earnest R Shaw Acquires Kendall White Millar
• Eastern Holding Buys Additional 50% Stake in Educators Alliance
• Maddison Monetary Taken Over by Lamensdorf

7. Focus on Select Players Worldwide

• Allianz Australia Limited, Australia
• CGU Insurance, Australia
• Chubb Corp., US
• Hartford Financial Services Group, Inc., US
• Insurance Australia Group Ltd. (IAG), Australia
• Sompo Japan Insurance Inc., Japan
• Suncorp Metway Insurance Ltd, Australia
• Topdanmark, Denmark

8. Leading Workers' Compensation Insurance Brokers

• BB&T Insurance Services Inc., US
• Crawford & Co., US
• Hilb Rogal & Hobbs Company, US
• Jardine Lloyd Thompson Group Plc, UK