Employers Holdings, Inc. (NYSE: EIG) has launched an excess workers' compensation insurance product targeting large self-insured employers, municipal entities, and group captive programs. The offering represents the company's expansion into the self-insurance segment, a market distinct from its traditional commercial workers' compensation business.
The new product provides both specific and aggregate excess coverage, addressing the protection gaps faced by self-insured organizations. Integrated with the company's analytical capabilities and risk management support services, the offering leverages Employers' accumulated expertise spanning more than 100 years in workers' compensation underwriting and claims management.
This expansion allows Employers to serve a different customer profile within the workers' compensation market, particularly large entities with the financial capacity to self-insure primary losses. The addition of predictive analytics and risk management services aims to differentiate the product in a competitive market segment focused on loss prevention and claims optimization.