Insurtech News: Bestow partners with Lemonade; Oscar readies IPO
Here’s a quick rundown on a couple of notable developments from some high-profile insurtech disruptors.
Life Insurance
Virtual industry events offer strong content lineup in February
While live, in-person conferences may still be a few months away, that doesn’t mean there aren’t some great educational events on tap this February for life insurance professionals with NAILBA and LIMRA offering up top-notch headliners.
Industry associations unite to address U.S. life insurance coverage gap
Seven U.S. life insurance trade associations are pooling their resources to support the efforts of life insurers and financial security professionals as they help Americans get life insurance coverage during a time of great financial insecurity.
Allstate sells life insurance unit to Blackstone in $2.8 billion deal
Private equity giant Blackstone Group Inc. has agreed to buy Allstate Life Insurance Co. in the latest deal between financial firms and life insurance businesses.
Insure.com Names America’s Best Life Insurance Companies for 2021
Ninth annual survey asked more than 2,000 consumers to consider cost, customer service, website/app and more; AAA Life Insurance ranks on top in 2021
Resolution Life completes acquisition of Voya’s individual life in-force business
Transaction provides Resolution Life with a platform for further growth in the U.S.
MIB Life Index: Application activity slows in November, but still growing
Younger applicants continue to drive 2020 growth while activity from older applicants dips.
Whole and term life forecast: Contract in 2020, rebound in 2021, 2022
LIMRA predicts most life insurance product lines will return to pre-pandemic sales growth over the next two years.
The 2020 Insurance Service Award for best telephone service experience goes to…
DALBAR recognizes Guardian Life and Pacific Life as best-in-class providers of policyholder service.
Whole Life lone bright spot in down Q3 for life insurance sales
Sales of whole life insurance were up 12.9% in the third quarter of 2020, making it the only category that shined amid an otherwise dismal quarter for life insurance sales, according to the latest Wink’s Sales and Market Report.
