Oliver Wyman September 27, 2024
Marc Lambright and Carol Adams

Actuarial insights into the state of the insurance market

We collaborated with Guy Carpenter on the second annual “Stop Loss Market Update” report. The report highlights the significant growth in the stop loss market and the profitability challenges caused by recent market trends. It also discusses the increasing impact of high-dollar claims and therapies, and emerging opportunities to look at the stop loss market in new ways using artificial intelligence (AI) and advanced analytics.

Stop loss premiums rise from 2018 to 2023, but claims push loss ratios to 80.3%

According to our report, stop loss carrier premium volume increased to $35.5 billion in 2023. This reflects a growth rate of 11.9% from 2018 to 2023. Of the annual growth,...

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Topics: AI (Artificial Intelligence), Analytics, Insurance, Survey / Study, Technology, Trends
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