The policies, pricing, and coverage limits offered by insurance companies have been in a state of flux since they underpriced their contracts during the hyperinflation period experienced in the 1980s. At that time, many companies chose to leave the industry and the six or seven insurance companies that survived continued to make adjustments to maintain profitability targets and maintain a balance between genders and specialties that affect claims rates.
At InsMed, we intentionally avoid entering into any contractual relationships with insurance companies that demand a minimum amount of sales. By staying independent of any contractual obligations, we can better serve our clients by making recommendations based on the most competitive products that are available at that time.