Lack of revenue growth yields modest gain
Article Abstract:
The expense-to-premium ratio for life/health insurance companies showed little improvement in 1994. This is attributed to increased expenses, which resulted from the 4.7% growth in commissions on premiums, and a 3.4% increase in salaries and wages. Insurers have been trying to reduce expenses by managing fixed costs during slow premium growth periods which deteriorate expense-to-premium ratios.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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Insurers improved asset mix in 1995
Article Abstract:
Life and health insurance companies are stocking their asset portfolios with credit-worthy investments. Asset/liability management concerns and increased scrutiny by rating agencies and regulators have contributed to the shift toward investments with predictable cash flows. Bonds accounted for 87.5% of total assets in 1995 up from 82.9% in 1994.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
User Contributions:
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- Abstracts: Life/health insurers' profits surged 31% in 1995. Underwriting losses took a steep downturn. Issued and in-force rise, policy counts grow 0.02%
- Abstracts: Expanding the scope of malpractice. Insurers fight back on health care. Debate heats up on privatizing social security disability
- Abstracts: Bank distribution called opportunity for insurers. Surge in life sales proves French bancassurance's success. Banks stake their claim