Organic growth stalls but profits soar in 3Q for P&C agencies and brokerages
More favorable pricing, economic trends suggest improved growth ahead according to new report; profitability hits median high of 22.7% in third quarter.
Employee Benefits
Half of people with diabetes don’t think they qualify for or can afford life insurance
New John Hancock study identifies significant disconnect between fact and fiction regarding the cost of and ability to get coverage among Americans living with diabetes.
Aetna selling group life, disability units to The Hartford for $1.45 billion
Acquisition will make The Hartford the second-largest group life and disability insurer with approximately $5 billion in expected earned premium while it will allow Aetna to enhance its focus on core health insurance business.
Less than half of employed Americans have workplace group life coverage
New survey finds that many employees who do not have voluntary group life insurance provided by their employer say it is because their employer doesn't offer it.
For first time ever, more Americans covered by employment-based life insurance than by individual
New LIMRA study shows 108 million Americans have life insurance through their workplace, compared to 102 million covered by individual life insurance. It is the first time employment-based coverage has exceeded individual coverage.
Voluntary Benefits: Term life accounts for largest share of inforce premium
Term life insurance accounts for the largest share of voluntary inforce premium by product, according to Eastbridge Consulting Group's annual U.S. State ESI and EPI Data report. Dental, short-term disability, long-term disability and universal/whole life rounds out the top five.
New study provides insight into benefits challenges facing HR professionals
3 in 4 human resources professionals surveyed say their benefits broker makes open enrollment easier for them, but 37% say their employees do not understand their benefits.
Optional benefits: Changing a ‘no’ to a ‘yes’
Contrary to most traditional worksite benefits marketing, which centers on the employer, efforts to sell optional benefits must instead focus on the individuals making the buy/no-buy decision - the employees.
Part-timers ineligibility for workplace benefits leaves many financially vulnerable, study says
Latest Guardian Workplace Benefits Study says just 1 in 3 part-timers have an employer-sponsored retirement plan; 1 in 4 have an employer-sponsored medical plan; less than 20% have dental, disability, or life insurance benefits at work.
Group disability insurers see 13.8% increase in new sales in 2016
STD new sales premiums show a 12% increase while LTD new sales premiums increased 15% according to Milliman's 2016 U.S. Group Disability Market Survey.
