Press Releases

Gen Re Announces 2015 U.S. Individual Disability Market Survey Results

Issue: May 2016 | Life/Health North America

For immediate release
May 10, 2016

Portland, ME, May 10, 2016…Gen Re’s recently released U.S. Individual Disability Market Survey reveals overall positive results in 2015 for the 18 participating companies. Total in-force premium, which includes Non-Cancelable (Non-Can), Guaranteed Renewable (GR) and Buy-Sell products, increased 2.3% representing $4.9 billion. Meanwhile, total sales premium increased 5.9%, reaching more than $407.2 million.

Among the other highlights from this annual benchmark report:

  • Non-Can in-force premium increased 2% to $4.2 billion; GR in-force premium grew 4.5% to $620.6 million while Buy-Sell fell 2.4% to $68.1 million.
  • Non-Can and GR sales premium grew 6.3% and 4.9%, respectively, while Buy-Sell sales premium decreased 3%.
  • After trending downward for seven consecutive years, the total number of in-force policies held steady, increasing less than half a percent (0.02%).
  • Total new policies increased over 6%. Non-Can policies had the biggest impact on the total results increasing 7.5%.


The Market Survey is an annual benchmark survey produced by Gen Re, with the full results available only to participating companies. A Summary report is available online at www.genre.com/lhsurveys.

________________________

Gen Re, a Berkshire Hathaway Company, is one of the leading life/health and property/casualty reinsurers in the world. Our North American life and health reinsurance company, General Re Life Corporation, has superior financial strength ratings among life and health reinsurers. Gen Re delivers tailor-made reinsurance programs and risk management solutions for the Life, Medicare Supplement, Critical Illness and Disability markets. Through our research, we also offer valuable information and insights. For more information, visit www.genre.com.

 

Contact:

Lisa Bolduc
Tel. +1 207 347 4641
lbolduc@genre.com