Some current insurance and benefits facts

By BenefitPlace.biz - BPTradeshow.com

BenefitPlace / BP Trade Show


“Get your facts first, then you can distort them as you please.”
- Mark Twain

On occasion we will be featuring interesting factoids related to the insurance and benefits Industries. We hope you find them interesting and useful.
  • 92% of business decision-makers concerned about the rising cost of health insurance

  • 73% are "very concerned"

  • 82% of Americans disapprove of the way Congress is handing its job -- Benefits Selling / Sept. 2011

  • 63% of surveyed businesses see their broker as being a business partner rather than just a middleman

  • 70% of employers say they do not use social media

  • 44% of employees claim they receive too little communications about benefits from their employer

  • 21% of brokers use social media as a strategy for gaining new clients

  • 7% of insurance industry professionals on Linkedin use Linkedin for reaching prospects

  • 67% of producers say prospecting for new business is their biggest challenge

  • 40% of agents said they would work with a new GA offering new or better offerings

  • $10,000 — The amount employers currently spend on average per worker with family

  • $2000 - Amount employers will pay per worker under the law that takes effect in 2014 if they don't provide coverage

  • 83% of companies expect to revamp their health care strategy within the next two years

  • 33% of employees received their benefits through self- insured group plans

  • 5% of the U.S. population is responsible for half of use spending

  • $2.5 Trillion / $8,000 per person - Aggregate spending of the U.S. on health care
We hope these facts provide some food for thought. Please comment or contact us with your thoughts. We invite you to contribute facts regarding the insurance and benefits Industries.

Sources: Benefits Selling magazine, Agent’s Sales Journal, StartUp Solutions, Senior Market Advisor magazine, AFLAC, MetLife