Zurich is introducing updates to its middle market workers’ compensation program in Oregon, including rate reductions and an expansion of its targeted industry carve-out.

The filing reflects an overall rate decrease of 7.3%, impacting 205 policyholders and reducing written premium by about $49,800 on a $682,000 book. The changes are set to take effect July 1, 2026.

At the center of the update is an expanded carve-out program that now includes life sciences businesses alongside existing segments such as technology, financial services, and professional services. These segments are treated as better-performing risks and receive a company tier modifier of 0.71429, lowering premiums relative to standard business.

Zurich ties the change to sustained favorable loss experience in these sectors. Internal analysis shows significantly lower projected loss ratios for targeted industries compared to the broader portfolio, supporting continued discounts and the addition of new classes.

The filing also introduces updated proprietary loss costs for selected classifications and adjusts catastrophe and terrorism components, with carve-out risks seeing sharper reductions in those elements.

Zurich notes that shifts in workplace dynamics, including remote and hybrid work, are reducing exposure to certain risks, particularly catastrophe and terrorism, further supporting the pricing approach.