Eastbridge Consulting Group is recognized as the leading consultancy in the voluntary/worksite marketplace. Every one of the top 25 voluntary carriers
(and 47 of the top 50) is an Eastbridge research client. In addition, 17 of the top 25 are also consulting clients.
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Since 2000, voluntary sales have increased from $3.1 billion to $5.038 billion a year (in 2007). The sales growth rate for the last two years has been 7-8 percent and is expected to continue in this range for the next several years.
The latest entrants (from both a carrier and broker perspective) into the voluntary marketplace are group medical insurance companies and group health brokers. Both have long resisted entering this market space. But all that is changing.
The objective of this report is to help carriers stay current on the ever-changing voluntary STD market by examining carrier best practices in the areas of product features and benefits, underwriting guidelines, and administrative practices.
Voluntary/work-site insurance carriers recorded another year of healthy growth in 2007.
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