Insurance agent value not always recognized by consumers, says Nationwide study

Insurance agent value - Man observing charts on iPad

The insurer’s research shows that customers’ and agents’ perspectives don’t always align. A new Nationwide Insurance report has indicated that when it comes to the insurance agent value provided, these pros don’t necessarily see things the same way as their customers. The research points to a number of critical gaps between the thoughts of the two sides. The insurance agent value has always been built on a foundation of providing customers with everything they want; from the information and resources they need to the support and assistance they require. However,…

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Insurance news study results show people with coverage use hospital less

insurance news

The research compared hospitalizations among those who had health plans with those who didn’t. According to the results of a new study that are making insurance news headlines, people who have health coverage are far less likely to require hospitalization than those who are uninsured. This data comes at a time when the Affordable Care Act is still trying to show it will be financially worthwhile. The research performed a comparison between the hospitalizations of childless adults who had BadgerCare with those who are completely uninsured. What it determined was…

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Long term care insurance not a high priority for many in the US

Long Term Care Insurance

New research has shown that the coverage and other preparations for LTC is not a top concern. According to the results of a new poll, which looked into the way that people aged 40 and higher are making preparations for their future aging needs, the trend is that few are making a high priority of taking out long term care insurance and making other preparations to pay for the costly assistance that they may one day need. Two thirds of the participants in the study said that they had planned…

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Health insurance shows 84 million Americans uninsured or underinsured for a span of 2012

health insurance uninsured and underinsured survey

The survey revealed that there was a very large group that spent part of last year without coverage. According to research conducted by the Commonwealth Fund, there were 84 million people – that is, almost half of all American adults of working age – who either went insured for a span of time in 2012, or who had to pay medical costs that were so great that they were considered to be underinsured. The survey also discovered that the coverage level increased among young adults from 2010 to 2012. The…

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Insurance industry study reveals how people select their plans

insurance industry plan choosing factors

Research has revealed new insight into how the choices are made regarding the policies that are purchased. Policymakers in the insurance industry are always tweaking and altering the plans that are available in order to help to make them more appealing for people to purchase, without providing an option that will be overly costly to the company when compared to the revenue it generates. This includes the concept of the “moral hazard”, in which people change their behaviors because they are covered. For instance, the insurance industry has observed –…

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