This email announced the release of The Council's Q1 2025 P/C Market Survey and highlighted a new EY study underscoring the economic importance of employer-sponsored health insurance tax benefits. The dual announcement connected two major research releases relevant to different segments of The Council's membership. It served as a timely resource distribution to member firms monitoring both commercial P&C market conditions and healthcare benefits policy.
New Economic Analysis Underscores Importance of Employer-Sponsored Healthcare Tax Benefits
The Council and the American Benefits Council announced the release of a macroeconomic study conducted by Ernst & Young (EY), which examines the impact of the tax exclusion for employer-provided health insurance. The study validates decades of bipartisan tax policy preserving the current tax treatment for employers who offer healthcare benefits to their workforce, and for employees who utilize this coverage.
According to the study, imposing such limits on these tax benefits would result in:
- 75,000 fewer U.S. jobs each year for 10 years, growing over time to 240,000 fewer jobs annually outside of the 10-year budget window.
- A $75 billion reduction in after-tax employee compensation each year for 10 years, growing over time to $280 billion less in after-tax employee compensation annually.
- A $10 billion reduction in U.S. gross domestic product each year for 10 years, growing over time to $40 billion annually.
- 75,000 fewer U.S. jobs each year for 10 years, growing over time to 240,000 fewer jobs annually outside of the 10-year budget window.
- A $75 billion reduction in after-tax employee compensation each year for 10 years, growing over time to $280 billion less in after-tax employee compensation annually.
- A $10 billion reduction in U.S. gross domestic product each year for 10 years, growing over time to $40 billion annually.
Take the Q1 2025 P/C Market Survey
The Council of Insurance Agents & Brokers has just launched the Q1 2025 Commercial P/C Market Survey, and we need your participation to stay on top of developments in the insurance market. Insights from respondents like you have helped us keep track of emerging trends in the commercial auto and cyber lines of business.
Firms that submit responses by the initial deadline of Tuesday, April 15 will receive early access to key findings from the report a week before their official release.
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Broker Opportunities Abound in 2025
Even after four years of robust growth and profit, brokers have additional runway to succeed this year—but they’ll need to think strategically.
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Spring Working Groups Offer Professional Development Opportunities for Leaders in HR, Finance, Tech and Legal/Compliance
Registration Is Still Open for HR, CFO, CIO, and Legal Counsel
Our Spring Working Group meetings bring together top minds in our industry for peer share and insightful conversation. Spring meeting registration is complimentary, creating an opportunity for you to invite several members of your senior team who would benefit from exposure to industry leaders in their field.
Put your Future Leaders to the Test at the Broker Smackdown Competition this July
Your final opportunity to send a team of four future leaders to compete in 2025 Broker Smackdown events is July 15-17 in Phoenix, AZ. Don’t delay – spots are filling fast for this popular program.
Broker Smackdown is a 2.5-day competitive simulation that gives emerging leaders a broader perspective on how the business operates. Participants compete in teams, running a computer-simulated insurance brokerage and making strategic decisions that impact financial, operational, and sales outcomes. Winners will go on to compete at the National Broker Smackdown in October.
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