NCCI Releases Multibureau Evaluation of COVID-19–Phase II: Expanded Data on Claim Characteristics and Trends
This updated study includes two years of claims data—Accident Years (AY) 2020 and 2021 through year-end 2021—from the following WC bureaus:
Key findings:
- This analysis relied on data from 45 jurisdictions, representing
$1.1 billion in COVID-19-related losses from about 117,000 claims. The average claim cost during the two-year period was approximately$9,600 . - On average, COVID-19 claims decreased from 11% of WC lost-time claims reported in AY 2020 to 4% in AY 2021 across the jurisdictions included in the study.
- Approximately 75% of reported COVID-19 lost-time claims were from the healthcare sector, while that sector only accounts for about 9% of non-COVID-19 lost-time claims.
- Indemnity-only claims, while uncommon for non-COVID-19 claims, continued to represent the largest share of COVID-19 claims. On average, these claims for lost wages are less costly, accounting for a relatively small share of overall losses.
This updated report confirms significant findings from our 2020 report and includes additional insights on industry sector and accident-quarter metrics. Claim and loss activity varied across jurisdictions, impacting individual states and sectors differently and at varying times. Uncertainties remain about the long-term impact of COVID-19.
Read the full report to learn more.
Save the Date:
Several independent bureaus and NCCI will host an insightful webinar on information derived from this collaborative study. Register now.
To learn more about long COVID experience and WC, check out a new report from NCCI and Paradigm, Long COVID and Workers Compensation: A First Look.
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SOURCE NCCI
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