nsurance
Industry Fact Sheet
OVERVIEW
In the United States, the total value of the property and casualty
insurance market is over $280 billion, with automotive product lines
accounting for over 48% of the annual premi-ums. The industry employs
over 2.4 million people nationally - mergers, acquisitions, and
globalization all continue as notable trends.
MARKETING METHODS
Insurance products are marketed in a variety of ways, including
direct and internet sales mailers, telemarketing, and voice messaging.
The Insurance Industry encompasses providers of life, health, property/casualty,
auto, and other lines of insurance, as well as reinsurance companies
and insurance brokers. Although time and legislation has changed
the way insurance is sold and how claims are settled, the biggest
challenges for the indus-try still revolve around claim fraud and
consumer confidence.
SOME FACTS AND FIGURES
The average insured holds 3 policies with a total annual premium
value of $3,870. In California, one in three drivers is termed an
uninsured motorist. Universal life policy holders are
vanishing their premiums at a rate 3 times greater than before.
The number of people who do not have health-insurance coverage
fell in 1999, according to the United States. Census Bureau. It
was the first decline since the Bureau began tracking the statistics
in 1987.
The typical non-elderly family with health insurance spends between
4% and 7% of its annual income on direct medical expenses and premiums.
DMA Studies have shown that respondents who do not take the time
to respond quickly have not made a personal connection with either
the offer, or the organization behind the offer. Other studies support
this fact showing that known organizations get their offers noticed
over 35% of the time.
WHY MARKETOUCH MEDIA?
Through a proven system of voice messaging, MarkeTouch Media simulates
personal interaction by personalizing and reinforcing your message,
creating confidence and in-creasing familiarity like no other marketing
tool. The revolutionary MarkeTouch Media system of voice messaging
works to help you meet your acquisition and retention goals, cutting
through the noise level with a proven, personalized,
targeted approach.
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