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September 09, 2003 at 08:00 PM
NU Online News Service, Sept. 9, 2003, 5:47 p.m. EDT – U.S. group disability insurers are reporting lower new sales for the first half but higher revenue, according to results of a market survey conducted by John Hewitt and Associates Inc., Portland, Maine.
JHA, a unit of GeneralCologne Re that provides disability risk management and consulting services, compiles regular disability market reports.
The 39 carriers that participated in the group disability market survey increased premium revenue on all long-term disability and short-term disability policies about 6% from the first half of 2002, to $4.9 billion, JHA says. The increase was about the same for STD and LTD plans.
