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April 28, 2003 at 08:00 PM
NU Online News Service, April 28, 2003, 5:17 p.m. EDT – U.S. individual disability insurers generated strong gains in sales in 2002 and modest gains in revenue from policies already in force, according to results of a market survey conducted by JHA Inc., Portland, Maine.
JHA, a unit of GeneralCologne Re that provides disability risk management and consulting services, compiles regular disability market reports.
The 18 carriers that participated in a new individual disability market survey, increased premium revenue on in-force policies only 4% in 2002, to $3.3 billion.
But sales of new individual disability policies rose 14%, to $303 million.
