HEALTH SOLUTIONS
Disability insurance
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OVERVIEW
New annualized premium for the IDI insurance market fell 1% in 2024 to $423 million, but the drop comes on the heels of large premium growth from 2022 to 2023.
Participating insurers reported in-force premium of $19.9 billion in 2024, up 4.7% from a year earlier.
Results of Milliman’s 2023 survey of the U.S. individual disability income (IDI) insurance market....
Group disability insurance companies reported $20.5 billion in combined short-term and long-term disability in-force premium in 2022, up from $18.8 billion in 2021.
Insurers reported $19.1 billion in combined short-term disability and long-term disability in-force premium in 2020, an increase from $18.4 billion in 2019.
This survey provides a comprehensive analysis of new sales and inforce business for short-term disability and long-term disability insurance products in 2018 and 2019.
Get the Milliman view on issues related to employee benefits, including risk management, investment strategies, and analytical approaches.
Learn how to save money and improve employee satisfaction when renewing group products.
