NAIC releases first Accident and Health Policy Experience Report

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.

(Sources: AHA News Now, http://ahanews.com, September 20, 2010; National Association of Insurance Commissioners, http://www.naic.org, September 16, 2010)