The Affordable Care Act presents tremendous Accident and Health opportunities for insurers
July 9, 2012
Written By Perr&Knight
Reading Time: 2minutes
The Supreme Court of the United States’ decision to uphold the Affordable Care Act will greatly affect the future of major medical health insurance in this country. There is tremendous revenue opportunity for insurers in the supplemental health care market in the immediate and long-term future. For firms considering taking advantage of this growing market, the time to act is now.
Whether you’re in the early stages of exploring the supplemental health care market, you’re interested in what your competition is doing, or you’re planning to update your accident and health (A&H) products to remain competitive, Perr&Knight can help. We are uniquely qualified and perfectly suited to assist property & casualty (P&C) companies with their supplemental health endeavors.
We’re a one-stop shop. Perr&Knight is the only firm of its kind offering a complete array of actuarial consulting, forms development, competitive intelligence and state filings services in all states and for all supplemental health products. We can provide assistance to companies throughout the entire product development cycle from competitor/market analysis and initial product pricing all the way to rate, rule and form filing support and product implementation. We can be ‘plugged’ into any or all components of the product development process to fit your unique needs.
Our consultants speak both P&C and A&H. We understand and can address the unique challenges faced by P&C companies as they enter the supplemental health market, from a lack of in-house expertise to differing terminology to resource constraints. In addition, because our staff includes both P&C and health consulting actuaries, product design consultants and state filings analysts, we are able to fully support hybrid products containing both P&C and A&H components such as Travel Insurance and Medical Excess Stop Loss.
Our experience is wide-ranging, recent and relevant. We have recently developed and launched several nationwide supplemental health products for our clients including Disability Income, Critical Illness, Major Medical Gap Coverage, Limited Medical Indemnity, Short Term Medical, Travel Accident, and AD&D. As a result, we’re tuned into the current marketplace and regulatory climate.