NU Online News Service, Dec. 31, 2003, 5:42 p.m. EST – The Bureau of Economic Analysis is starting to conduct quarterly surveys of U.S. companies' sales of insurance, reinsurance and related services to foreign persons.[@@]
The BEA, an arm of the U.S. Department of Commerce, already conducts an annual survey of exports of insurance products and services.
The BEA will be moving to a quarterly schedule in early 2004 to increase the amount of data available to help it analyze the economic effects of insurance exports, improve U.S. economic accounts and promote U.S. insurance exports, according to an announcement published in the latest edition of the Federal Register.
The quarterly surveys will ask U.S. insurers with more than $8 million in annual insurance exports about premiums and claims expenses for reinsurance and primary insurance. The survey also will ask about payments and revenue associated with agent commissions, insurance brokering, agency services, insurance consulting services and actuarial services.
The BEA estimates it will get survey reports from about 210 insurers.
More information about the new survey is on the Web at http://a257.g.akamaitech.net/7/257/2422/14mar20010800/edocket.access.gpo.gov/2003/03-32123.htm
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