Sellers of U.S. group disability insurance may be having a little easier time holding on to business and controlling claims.
Analysts at the Council for Disability Awareness, a disability think tank backed by insurers, have published 2012 group disability market figures in a summary of results from a survey of the 19 member insurers.
When the Great Recession hit in 2008, the number of employers fell. The surviving employers shrank. The workers who still had disability benefits were more likely to file claims.
In 2012, the size of the market seems to have stabilized.
What Your Peers Are Reading
The number of employers with group long-term disability (LTD) plans held steady at about 207,000 and the number of workers who had LTD coverage increased 1 percent to about 32 million.
The claims picture also may have brightened.