Replacement ratesCARES ActPandemicWe use micro data on earnings together with the details of each state's unemployment insurance (UI) system to compute the distribution of UI benefits after the uniform $600 Federal Pandemic Unemployment Compensation (FPUC) supplement implemented by the CARES Act. We...
Expand work-from-home arrangements to all possible functions.Many insurers have already expanded work-from-home (WFH) orders to as much of the company as possible. Doing so helps to protect the health and safety of employees during the pandemic, provide continuity through the...
and we have seen the highest levels of consumer search traffic ever for life insurance specifically. Compared with the past several years, volumes in the first few months of 2020 are 25 to 50 percent higher. Conversion rates remain strong too. Whenever the top of the funnel increases, ...
According to Bankrate’s analysis of annual premiums from Quadrant Information Services, the average cost of car insurance in the U.S. is $2,458 per year. Minimum coverage, on the other hand, has an average annual cost of $678. However, car insurance rates can be quite different even for...
Homeowners insurance rates rose dramatically between 2023 and 2024, according to a Bankrate analysis of rate data from Quadrant Information Services. The average premium in February 2024 was about $141 a month for a home with $250,000 worth of dwelling insurance. That's a 23% increase from Ja...
While these carriers appear to be enjoying the current environment, they may also recognize that neither the pandemic-fueled interest that boosted mortality product sales nor the higher interest rates that drove interest in savings products are likely sustainable growth drivers. Meaningful ...
Whole life insurance:Due to high interest rates, consumers moved to products with potentially better returns, slowing whole life sales. Whole life new premium totaled $1.4 billion in the third quarter, down 1 percent from the prior year’s results. ...
S-forwards and K-forwards, Mortality options), there exist other sophisticated and highly financially “engineered” products; they have been conceived and proposed to the market during the last decade and consist of call options on forward survival rates (the so-called Longevity Experience Options)...
In the near term, the insurance industry will be faced with opportunities and obstacles such as growing awareness of personal risk as a result of the pandemic, rising nominal rates, and technological growth. As evolution in society, technology, and the global economy continues to accelerate, ...
a smaller standard deviation of 14%. Interest rates were normally distributed with a Jargue–Bera of 75.44 and were significant at the 1% level. The interest rate had a kurtosis of 5.02, implying that the variable was too peaked. The skewness of 1.76 was positive since it was greater than...