Confidence in the future of the voluntary industry has rebounded since the end of 2008, a study finds.
The latest results of Eastbridge Consulting Group’s Voluntary Industry Confidence Index survey shows 68% of carriers, brokers and other vendors selling in the worksite think employees will be more enthusiastic about voluntary benefits 12 months from now. That’s up from 60% who thought so in a similar survey at the end of 2008, says Eastbridge, Avon, Conn.
Only 10% of those surveyed believe employees will be less enthusiastic about voluntary products next year, down from 18% at year-end.
Brokers were the most optimistic of those survey, with 85% of this group expecting more employee enthusiasm for worksite benefits next year, compared to just 60% of carrier executives who felt the same way.