Eastbridge’s latest report examines current underwriting practices in the voluntary/worksite market

AVON, CONNECTICUT, USA (March 19, 2015)

Providing a high level of service excellence for all customers is something voluntary insurers must continue to deliver and improve. Underwriting in particular is an area of service to which many brokers/producers as well as employers pay close attention.

The 2015 Underwriting Practices of Voluntary Carriers Spotlight™ Report provides data companies can use to compare their underwriting practices with those of other key voluntary carriers in order to help ensure their competitiveness in the marketplace. [Note: Product specific underwriting guidelines are not the focus of this study.] Specifically, the report looks at the following topics for 22 carriers active in the voluntary/worksite market:

• Group-level underwriting practices
• Advance approval process
• Minimum requirements (case size, eligibility, participation)
• Medical underwriting guidelines
• Renewal underwriting guidelines
• Rate increases
• Underwriting time frames and standards
  

The report also examines several underwriting trends, including changes to participation, guaranteed issue and case size requirements.

Eastbridge Consulting Group, Inc. is a marketing advisory firm serving insurance and financial services organizations in the United States and Canada.