Report: Under-Insurance Costing Life Insurers $70B Annually

February 5, 2019 by John Hilton

Just 26 percent of the total coverage needed for life insurance is currently met, according to a new report, resulting in $70 billion in lost premiums for the industry.

The report found that insurance companies are missing out on an average of $785 in annual life insurance premium payments per person who requires insurance coverage in the U.S. Atidot, a technology company providing AI, big data, and predictive analytics tools to life insurers, released its report today.

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Originally Posted at InsuranceNewsNet on January 30, 2019 by John Hilton.