Abstracts » Insurance

Whole life dividend survey: featuring updated and non-updated policies

Article Abstract:

Most life insurance companies have not changed their dividend scales for 1996; but dividend scales are projected to improve for whole life products, making them more competitive against universal life products. The dividends of various whole life policies are tabulated and ranked. Updated policies, which reduce the dividend scale of the insured uses policy loans, are compared with non-updated policies.

Whole life insurance

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Number of life reinsurers dwindles as market grows

Article Abstract:

Merger and acquisition activity resulted in a 1995 US life reinsurance market consisting of fewer but stronger companies, and that trend is likely to continue. In 1995, the top 22 reinsurers accounted for about 43% of a market whose total value was $2.55 trillion. In 1994, 25 insurers accounted for about 42% of the market, which was worth over $2.4 trillion. The leading reinsurers are listed.

INSURANCE CARRIERS, Reinsurance, Reinsurance Carriers

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Lapse ratio turns after 20-year low

Article Abstract:

The life insurance industry's lapse ratio rose 0.3 percentage point to 8.6% in 1995, after achieving a 20-year low, 8.3%, in 1994. The lapse ratio has improved fairly steadily since 1984, when it reached 14.1%. Life insurance's improved persistency is attributable to the introduction of interest-sensitive products, improved underwriting, better market research, and other factors.

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