More brokers are confident about the voluntary employee benefits industry, a new survey shows. Results from Eastbridge Consulting Group's Voluntary Industry Confidence Index finds confidence increased to 99.7 at year-end, up from 98.4 in a mid-year 2011 survey.
The index is calculated using three key expectation measures about the voluntary industry: sales growth, profitability of the industry, and employee enthusiasm about voluntary products.
"Feelings about the profitability of the industry rebounded the most," says Gil Lowerre, president of Eastbridge. The percentage expecting lower profitability declined to just eight percent (down from 18 percent last time) and the percentage expecting increased profitability was up to 54 percent. "The percentage expecting sales growth for 2012 also improved nicely, with 95 percent expecting more sales," Lowerre says.
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