AVON, Conn.--(BUSINESS WIRE)--Voluntary sales totaled $7.1 billion in 2015, up 3.6 percent over the previous year’s results, according to Eastbridge Consulting Group’s annual U.S. Voluntary/Worksite Sales Report.
“Annually, we recognize those companies that led the industry in voluntary sales growth,” says Gil Lowerre, president of Eastbridge. “This year among mid-size companies ($50-$100 million in voluntary sales), Combined Worksite Solutions, a division of Combined Insurance—a Chubb company, is the number one fastest-growing based on voluntary sales.” “This is not an easy task,” adds Lowerre, “and we congratulate them on leading the industry in the mid-size company category and for winning Eastbridge’s Voluntary Sales Growth Award for 2015.”
Carriers participating in Eastbridge’s annual U.S. Voluntary/Worksite Sales Report that have 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 overall industry growth rate for each of the last three years and lead in sales growth for the current year.
“We are honored to receive Eastbridge’s recognition for the second consecutive year, which is a continued validation of Combined Insurance’s growth strategy and commitment to product innovation, service capabilities and responsive staff. We are grateful to our agents, brokers, and distribution partners, whose tremendous support have helped us to achieve this recognition,” says Chris Martin, president of Combined Worksite Solutions. “Looking ahead, we will continue to invest in our organization and expand our distribution reach even further as part of the new Chubb.”
Chubb announced last week that it has expanded the voluntary workplace benefits business of its Combined Insurance affiliate with a dedicated broker-focused channel. The new Chubb Workplace Benefits business unit combines the market leadership and experience of Combined Worksite Solutions, a division within Combined Insurance launched in 1996, with Chubb’s substantial relationships with leading national and regional insurance brokerage firms. Chubb Workplace Benefits is the new name for Combined Worksite Solutions’ broker-driven channel. The rebranding follows ACE Limited’s January 2016 acquisition of Chubb, which created a global insurance leader operating under the Chubb name.
All carriers participating in Eastbridge’s 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 Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.
About Combined Insurance
Combined Insurance Company of America (Chicago, IL) is a leading provider of supplemental accident, disability, health, and life insurance products and is a Chubb company. With a tradition of more than 90 years of success, Combined Insurance is one of Ward’s Top 50® Performing Life-Health Insurance Companies and was named the number one Military Friendly® Employer by G.I. Jobs magazine in 2015 and 2016. Combined Insurance is committed to making the world of supplemental insurance easy to understand. For more information about Combined Insurance products, career opportunities or to contact a local sales agent, call 1-800-490-1322 or visit www.combinedinsurance.com.
Chubb, Combined Insurance, Combined Worksite Solutions, and Chubb Workplace Benefits are Chubb Group trademarks.
