Medicare Supplement Market Growth Expected to be Robust
Telos Actuarial publishes 13th Annual Market Projection.
As the Medicare-eligible population continues to swell, the Medicare supplement market continues to offer opportunities for insurance carriers, reinsurers, agents, and marketing organizations.
In 2022, the Medicare supplement market generated nearly $33.3 billion of earned premium. Over the next 10 years, this value is expected to increase to over $52.5 billion, which represents an increase of 45%.
Embedded within the total earned premium projection is new business premium. The estimated 2022 new business premium was $4.1 billion. By 2032, it is anticipated that the new business premium to $5.1 billion representing a 24% increase.
Check out the underlying details by downloading Telos Actuarial’s 13th Annual Market Projection today!
The Telos Actuarial team boasts over a century of Medicare supplement experience. Therefore, no matter where your company finds itself within the Medicare supplement product journey, we can help.
Contact us to find out more!