AVON, CONNECTICUT, USA (February 15, 2006)-While sales of voluntary dental plans over the last 3 or 4 years have not increased as dramatically as was predicted in 2001, most carriers remain optimistic. This was one of the findings in a new study, Voluntary Dental Products, recently released by Eastbridge Consulting.
In fact, voluntary dental plans have made a name for themselves in the voluntary/worksite market. In 2004, new business annualized premium (sales) of voluntary dental plans was estimated at around $425 million (based on Eastbridge data), and employees consistently rate dental coverage as one of the most wanted and most important employee benefits. Carriers say the product will continue to be an important part of a voluntary offering and that growth in the line is very likely. Employers as well as carriers predict that with the pressure of increasing costs for health insurance, more employers will reduce or eliminate employer funding of dental plans.
The purpose of Eastbridge�s latest report, Voluntary Dental Products, is to examine today�s voluntary dental market from the carrier point of view and to compare these findings with the data gathered for a similar report conducted in 2001. Specifically, the report covers general data on each profiled carrier (distribution, voluntary dental sales, penetration, claims, target markets, etc.) as well as information on:
Trends and the future of voluntary dental.
With this data, carriers can continue to fine-tune their strategies around their voluntary dental products and use the competitive intelligence to compare their plans against the competition. [Note: In order to protect the confidentiality of the carriers profiled, all data is reported anonymously by assigning each carrier a random number.]
The report is now available for purchase for just $2,500. Click here to view more information about the report, including the table of contents. To purchase the report, e-mail us at [email protected] or phone (860) 676-9633.
About Eastbridge Consulting Group, Inc.
Eastbridge Consulting Group, Inc. is a marketing advisory firm serving insurance and financial services organizations in the United States and Canada. The Worksite/Voluntary Industry Confidence Index study is conducted periodically by the company to track trends in the worksite and voluntary industry. For more on Eastbridge visit www.eastbridge.com.