The National Association of Insurance Commissioners (NAIC) has released its first report titled Accident and Health Policy Experience 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, while the number of covered lives decreased by 7.0 percent from 2008 to 2009.