Workmen's Compensation - Economic Incentives: Impact on Workers' Compensation Systems

Source: Middle East Insurance Review | Mar 2007

Governments of many countries are currently considering reforming methods of financing the risk of occupational accidents and diseases. They are seeking new solutions in which private insurers can play a part. In this regard, global reinsurer Munich Re views economic incentives as a vital success factor in managing workers' compensation systems. This article is an extract of a paper by Munich Re's Centre of Competence for Workers' Compensation outlining some major characteristics affecting tariffs and economic incentives in workmen's compensation schemes.

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