Republican Donald Trump is the presidential candidate who would be most agreeable for the insurance industry, according to a survey of insurance professionals conducted by A.M. Best.
“On the political front, insurers appear very aware of the ramifications of the 2016 presidential election. Here, the landscape for the insurance industry could look very different, depending on which candidate becomes president,” the Oldwick, N.J.-based ratings agency wrote in its “A.M. Best Winter 2015/2016 Insurance Industry Survey,” which was published late last week.
Most favorable toward insurance industry
For Property & Casualty insurers, Trump, the New York business mogul and reality TV star, is the most popular, with 26.5% of those surveyed saying his policies would be most favorable.
He is followed by former Florida Gov. Jeb Bush (R), who has since dropped out, at 18.5%. Coming in third and fourth, respectively, are Florida Sen. Marco Rubio (11.3%) and businesswoman Carly Fiorina (10.6%). Both have dropped out of the Republican nomination contest.
Trump’s remaining challengers for the Republican nomination — Texas Sen. Ted Cruz and Ohio Gov. John Kasich — come in at fifth and sixth place, respectively, at 9.9% for Cruz and 6% for Kasich.
In seventh place is Democratic front-runner Hillary Clinton, the former secretary of state and senator from New York, who scored 5.3%
She is followed by N.J. Gov. Chris Christie, who has dropped out of the Republican race, at 4%; “Other” (4%); and Dr. Ben Carson and Kentucky Sen. Rand Paul, who have dropped out of the Republican race, at 2% and 1.5%, respectively.
Coming in last is Vermont Sen. Bernie Sanders, who is running second to Clinton for the Democratic nomination, at 0.7%
For Life & Health insurers, Trump again comes out on top, with 26.7%.
He is followed by Bush (22.6%), Rubio (11.7%), Cruz (9.6%), Kasich (7.5%), Fiorina (6.2%), Clinton (4.1%), “Other” (3.4%), Christie (3.4%), Carson (2.7%) and Sanders (2.1%).
Least favorable toward insurance industry
When the question was posed as to which presidential candidate is anticipated as having the least favorable policies for the Property & Casualty industry, the results are lopsidedly reversed.
Sanders comes out on top, with 73.1% and Clinton ranks second, with 15.6%.
She is followed by Cruz and “Other,” tied at 3.3%; Trump and Fiorina, tied at 1.3 %; and Rubio, Christie and Bush, tied at 0.7%.
For the same question concerning the Life & Health industry, Sanders again leads the pack far and away at 77.5% with Clinton trailing at 15.2%.
Ted Cruz comes in next with 3.3%, followed by “Other” at 2.7% and Trump at 1.3 percent. The other candidates scored 0% on the question.
“Overall, there appears to be a favorable perception of the Republican Party’s stated intent to eliminate the Affordable Care Act in its current form. Bernie Sanders’ proposal for Universal Health Care, as well as Hillary Clinton’s proposed policies on prescription drugs, were likely reasons for the negative responses,” A.M. Best wrote in its report.