Long-term disability insurers experienced greater loss ratios in 2011 than two year prior, according to a new analysis.
Loss ratios for individual long-term disability insurance reached 98.09% last year, up from 94.06% two year prior, according to SNL Insurance.
The loss ratio for group long-term coverage rose to 85.71%, up from 80.36% in 2009.
The analysis from SNL Insurance also found that the top 10 insurers in the group long-term disability market, based on premiums earned, represented 82.26% of the industry in 2011. In the individual market, the top 10 insurers controlled 87.88% of the market, according to the analysis.
