Eastbridge Consulting Group Inc. says insurers, brokers and vendors in the employee-paid benefits market seem to be even more confident about the market today than they were a few months ago.
The company’s Worksite/Voluntary Industry Confidence Index has increased to 101.2, from 100 in December 2005.
Eastbridge, Avon, Conn., developed the index in an effort to measure participant confidence in the worksite sales and voluntary insurance market.
The December 2005 index figure was the first that Eastbridge published.
The index incorporates worksite market participants’ views of sales, profitability and employee enthusiasm.
Only 2% of participants are expecting employee enthusiasm to fall, and only 2% are expecting market profitability to fall, Eastbridge reports.
About 93% of survey participants expect sales to increase over the next 12 months, Eastbridge says.