Overall positive results in 2018 for Individual Disability
Insurance Marketplace
PORTLAND, Maine–(BUSINESS WIRE)–Gen Re’s recently released U.S. Individual Disability Market Survey reveals
overall positive results in 2018 for the 15 participating companies.
Total in-force premium, which includes Non-Cancelable (Non-Can),
Guaranteed Renewable (GR) and Buy-Sell products, increased 2.1%,
representing $4.8 billion. Meanwhile, total new sales premium increased
2.8%, reaching $413 million.
Additional highlights from this annual benchmark report include:
-
Non-Can in-force premium increased 1.8% to $4.1 billion and represents
85% of total in-force premium. GR in-force premium grew 4.6% to $652
million while Buy-Sell fell 3.1% to $58 million. -
Non-Can and GR new sales premium grew 2.2% and 6.2%, respectively,
while Buy-Sell sales premium declined 3.2%. -
The total number of in-force policies remained level, increasing less
than one percent (0.9%). However, total new policies increased 13%,
due mainly to an uptick of 31% in GR policies.
The Market Survey is an annual benchmark survey produced by Gen
Re, with the full results available only to participating companies. A
summary report is available online at genre.com/lhsurveys.
Gen Re, a Berkshire Hathaway Company, is one of the leading
life/health and property/casualty reinsurers in the world. Our North
American life and health reinsurance company, General Re Life
Corporation, has superior financial strength ratings among life and
health reinsurers. Gen Re delivers customized reinsurance programs and
risk management solutions for the Life, Medicare Supplement, Critical
Illness and Individual Disability Income markets. Through our research,
we also offer valuable information and insights. www.genre.com
Contacts
Gen Re
Steve Woods
Senior Account Executive
+1 207 347
4621, [email protected]
