The National Council on Compensation Insurance (NCCI) introduced a new series of industry-level trend analyses using NAICS codes to examine premium share, frequency, and employment levels.

These new drill-down reports allow carriers to compare their books of business with broader industry trends. Along with an overview report, NCCI has also released the first industry-specific report for the Construction Industry which highlights:

• Construction employment grew nearly 3% annually from 2015 to 2023, outpacing overall industry growth and showing resilience during COVID-19
• Lower worker turnover suggests increased tenure, potentially reducing injury risk
• Accident frequency in construction has declined over 50% faster than the all-industry average across all claim sizes.

Future reports will cover Manufacturing, Transportation & Warehousing, Trade, and more, offering deeper insights into industry trends.