AVON, Conn.--(BUSINESS WIRE)--The annual U.S. Voluntary/Worksite Sales Report, produced by Eastbridge Consulting Group, has identified Transamerica Employee Benefits (TEB) as the 2014 Voluntary Sales Growth Leader in the large company category.
“It’s not easy in today’s market to beat the industry averages in any year, but to achieve this for four consecutive years is indeed an accomplishment,” says Gil Lowerre, president of Eastbridge.
Transamerica has achieved solid and consistent growth from 2011 to 2014, including year-over-year increases of 40 percent, 14 percent, 15 percent and 28 percent respectively. Total industry voluntary sales were $6.89 billion in 2014, an increase of 3.7 percent over 2013.
“We’re striving to be the best when it comes to addressing evolving consumer needs,” said Randy Clarkson, president of Transamerica Employee Benefits. “Our market insights have led us to new products, enhanced enrollment technology and innovative solutions.” He went on to say, “In the end, it’s all about helping our customers achieve their financial goals while consistently delivering a top-notch benefits experience.”
Carriers participating in Eastbridge’s annual U.S. Voluntary/Worksite Sales Report with a minimum of $10 million in annual sales are eligible to be considered for the Voluntary Sales Growth Leader recognition. A company must also have exceeded the growth rate of the industry overall for each of the last three years and lead in sales growth for the current year. Awards are given for both large companies and small companies. The small company category includes companies with sales as measured by New Business Annualized Premium (NBAP) of over $10 million but under $75 million. Large companies are those with NBAP of $75 million or more.
All carriers participating in the survey receive a free copy of the complete findings, including company-specific results. If you are a carrier that is not participating and would like to be included in next year’s survey, please email the company at info@eastbridge.com or call (803) 782-0560.
Eastbridge Consulting Group, Inc. is a marketing advisory firm serving insurance and financial services organizations in the United States and Canada.
About Transamerica Employee Benefits
Transamerica Employee Benefits, a marketing unit of Transamerica Life Insurance Company, offers voluntary life and supplemental health insurance products.* With a history that dates back over 100 years, the Transamerica companies are recognized as leading providers of life insurance, savings and retirement and investment solutions, serving millions of customers throughout the United States. Transamerica is a member of the Aegon group of companies. Aegon is one of the world’s largest life insurance, pension and asset management groups, operating in over 25 markets worldwide. For more information, visit Transamerica.com.
*Insurance products are underwritten by Transamerica Life Insurance Company, Cedar Rapids, IA. All products are not available in all states.
