Critical illness insurance is all the rage. 

While other mainstays of the insurance industry, including life insurance and general health insurance, are struggling for growth, a new study suggests that sales of policies purchased specifically in anticipation of major health crises, such as cancer, are on the rise. 

The Gen Re Critical Illness Insurance Market Survey showed an increase in reported new business premium to almost $381 million in 2014. Meanwhile, in-force premium, covering roughly 3 million individuals, increased to $1 billion. 

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.