Insurers rely on bullish stock market; nine-month financial results show that industry conditions remain bleak
Article Abstract:
The financial results for the life and health insurance industry for the first nine months of 1996 reveal that the industry has benefited from investment gains because of the bullish stock market, but continues to suffer from slow growth in premiums. As of Sep. 30, 1996, the consolidated net investment gain for life and health insurers in the first nine months had increased to $14.11 billion, a 20.8% increase over the same period in the previous year. Net premiums written increased 4.7% over the same period to reach $258.97 billion.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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Prognosis: guarded
Article Abstract:
Health maintenance organizations (HMOs) are continuing to gain market share in the health insurance business. HMO premiums rose by just 0.5% in 1996, according to a KPMG Peat Marwick L.L.P. national survey. Other health insurers are trying to compete by switching from a national to a regional focus. Keeping costs down will remain important for insurers. Trends for the Blue Cross and Blue Shield Association and Medicare supplemental coverage are discussed.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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Outlook for Canada is positive
Article Abstract:
Canadian life and health insurance companies are expected to remain successful in spite of questions following the failure of Confederation Life Insurance Co. Merger activity is expected to continue in 1995, because a large number of companies compete for sales of both individual life policies and group life and health policies. Also, competition from banks that sell insurance increases the importance of good service.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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