Group Term Life Enrollment Trends for 2014 [Presentation]
Gen Re's U.S. Group Term Life Rate and Risk Management Survey, produced last year, provided a deep dive into rating, underwriting and pricing for Group Term Life products. Additional sections on market/product and claims were also included.
In addition to the survey results, Gen Re hosted a Group Life Roundtable meeting in November 2013 at our Stamford, CT office to present key findings from the survey, share our insights into the data, and provide an opportunity for dialogue amongst peer companies. Thirty-eight individuals attended this event, representing 21 companies – from division leaders and actuaries to claim professionals.
Over 85% of the Group Term Life insurance market was represented. In addition to covering the key findings from the survey, interactive breakout sessions were held on a variety of related topics – Enrollment, Employer/Employee Dollars, and Mortality and Exchanges. Represented below are current trends in Group Term Life Enrollment based on the survey as well as insights shared by participants during breakouts: