Eastbridge releases latest report on takeover trends and practice of voluntary/worksite carriers.

AVON, CONNECTICUT, USA (September 26, 2017)

Although prevalent in the group market for years, takeovers in the voluntary/worksite market are a newer phenomenon, increasing in size and importance, and continue to be a hot topic for carriers. According to Eastbridge’s U.S. Voluntary/Worksite Sales Report, takeovers accounted for 54 percent of new business annualized premium (NBAP) in 2016, which is a significant increase from the 12 percent in 2006 (the first year tracked). Despite the year-over-year increase, there seems to have been some stabilization of takeover sales, with only one to two point per-year increases noted in the last five years. 

The objective of the Takeovers and the Voluntary Market Spotlight™ Report is to provide comparative data on takeover business as well as takeover trends and practices of voluntary/worksite carriers. Some of the topics covered in the study include:

  • Changes in the takeover business volume in the last three years
  • Anticipated takeover volume in the next three to five years
  • Takeover business approach and preferences
  • Detailed takeover practices by carrier
  • Takeover percentages by product
  • Carrier strategies for reduction of takeovers
  • Future trends and concerns about takeover business

Takeovers and the Voluntary Market, a Spotlight™ Report

The cost of the report is $2,000. To purchase, call (860) 676-9633 or email us at info@eastbridge.com.

Report Summary

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


 

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