Revealing the Results: Gen Re's 2023 US Individual Disability Market Survey Outcome Released
The 2023 U.S. Individual Disability Market Survey conducted by Gen Re unveiled encouraging trends for the 17 participating insurance companies. The report reveals that total inforce premium, covering Non-Cancelable, Guaranteed Renewable, and Buy-Sell products, rose by 2% over the previous year. Total new sales premium also increased by 7%, hitting a record $490 million. Gen Re, a subsidiary of Berkshire Hathaway, is recognized as one of the leading reinsurers across the globe. Along with rendering tailor-made reinsurance programs and risk management solutions, it also pioneers the Life, Medicare Supplement, Critical Illness, and Individual Disability Income markets through intensive research and significant insights.
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