Milliman: U.S. group disability insurers see 13.8% increase in new sales in 2016

By a News Reporter-Staff News Editor at Insurance Weekly News -- Milliman, Inc., a premier global consulting and actuarial firm, recently released the results of its 2016 U.S. Group Disability Market Survey, a comprehensive report that analyzes the employer- and employee-paid short- and long-term disability (STD / LTD) market, including insurance products, sales, and in-force business. In total, 20 disability insurers contributed data to the survey, which also provides analysis of premiums, cases, and covered lives in 2015 and 2016 for all participating companies. New features this year include expanded case size metrics and employer- vs. employee paid data, new information on first-time buyer business, as well as LTD churn and statutory STD metrics. The report also ranks participating companies by both STD and LTD in-force premium totals.

"Besides giving an overview of the current trends in the market, Milliman's group disability survey is a valuable resource for insurers looking to gain perspective on the competition amongst peer group companies," says Jennifer Fleck, consulting actuary at Milliman.

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