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2006 Edition
ISBN 1-59392-715-0
PDF $99.99
34 Pages, October 2005
A summary of Plunkett's Insurance Industry
Almanac 2006. Contains the following information: 1) Introduction
to the Insurance Industry, 2) Aging Populations Create Challenges
and Opportunities for the Insurance Industry, 3) Hurricanes
Katrina and Rita Cost Insurers a Bundle and Drive Changes
in the Industry, 4) Selling Insurance to Consumers in Discount
Stores May Grow, 5) Bid-Rigging, Contingent Fee and Misleading
Accounting Scandals Rock the Insurance Industry, 6) Sophisticated
Risk Management and Prevention Programs Lead to Lower Losses,
7) Independent Agencies Continue to Dominate Commercial
Insurance but Play a Lesser Role in Personal Lines, 8) Direct
Selling and E-Commerce Grow, 9) Technology Drives Efficiencies
in Back Office Tasks, Underwriting, Agency Networks and
Customer Service, 10) Homeowner’s Insurance Passes
More Risk to the Policy Holders and Relies on Sophisticated
Risk Analysis Tools to Set Rates, 11) Insurance Industry
Mergers and Acquisitions Continue, 12) No End in Sight to
the Growth of Specialized Insurance Lines, 13) Variable
Annuity Accounts Top $1.1 Trillion in the U.S., While Costs
and Sales Practices are Scrutinized, 14) Major U.S., Japanese
and European Insurance Firms See Vast Promise in the Chinese
Market, 15) Continued Rise in Health Care Costs, 16) Employers
Push Health Care Costs onto Employees, 17) Health Savings
Accounts and Health Reimbursement Accounts Gain Traction,
18) Managed Care Becomes More Patient-Friendly, 19) Growing
Use of Managed Care by Medicare, 20) Malpractice Suits Are
Blamed for Rising Health Care Costs, 21) Medicare Changes
Include Drug Benefits for Seniors for the First Time.