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Life Health > Health Insurance > Life Insurance Strategies

Individual Disability Sales Climb: Gen Re

By Allison Bell

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Insurers increased sales of U.S. individual disability insurance 9.1% in 2017, to $402 million.

Analysts at Gen Re, a Portland, Maine-based arm of Berkshire Hathaway, have published those figures in a summary of the results from the reinsurer’s latest individual disability market survey.

(Related: ‘Black Swan’ Investor Who Profited From ’08 Crisis Says Market’s More Fragile)

Fifteen companies participated in the survey.

Total individual disability premium revenue increased 2.3%, to $4.7 billion.

The number of in-force policies increased 0.8%, but the number of new policies in-force increased 9.6%.

The number of new guaranteed renewable policies sold increased 23%, Gen Re analysts say.

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Allison Bell

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NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.