NAIC releases first edition of accident and health policy report
Health Benefits • September 16, 2010 at 1:26 PM • Written by: PeopleKeep Team
The NAIC has released the first edition of the accident and health policy experience report.
Click here to access a summary.
From the NAIC website:
FOR IMMEDIATE RELEASE
NAIC RELEASES FIRST EDITION OF ACCIDENT AND HEALTH POLICY EXPERIENCE REPORT
WASHINGTON, D.C. (Sept. 16, 2010) — The National Association of Insurance Commissioners (NAIC) announced today the inaugural publication of the Accident and Health Policy Experience Report.
Aggregated countrywide and company level premium information, loss ratios, number of policies, number of covered lives, market share and more are included in the report.
The report’s findings include:
In 2009, the top 10 companies in the grand total (individual, group and other) business accounted for 45.5 percent of the overall market.
Total premiums increased by 15.0 percent to $214 billion from 2008 to 2009.
The number of policies increased by 2.6 percent from 2008 to 2009, while the number of covered lives decreased by 7.0 percent from 2008 to 2009.
The Accident & Health Policy Experience Report offers valuable information reported by insurance companies on the NAIC Accident & Health Policy Experience Exhibit when they file annual financial information with state insurance regulators. The report breaks out data by aggregated totals, statement type and line of business.
This is the newest in a collection of reports generated from the NAIC’s vast insurance database. The report is intended as an assessment tool for state regulators and a reference for the public and industry. The report is not directly related to current NAIC efforts to meet various provisions of the Patient Protection and Affordable Care Act.
A copy of the 2009 Accident and Health Policy Experience Report can be ordered from the NAIC Store.
