One the eve of Life Insurance Awareness Month, industry nonprofit Life Happens doles out $170,000 in scholarship money to 22 worthy, inspiring students.
The $450 million, 32-story skyscraper will be home to 2,400 employees in 1.1 million square feet of office space designed to help employees collaborate and innovate.
From lowering administrative and claims processing costs to expanding access to underserved markets and enabling immediate-issue products, LIMRA says blockchain has the capacity to revolutionize the financial services industry.
The Savings Bank Life Insurance Company of Massachusetts has announced the successful completion of its conversion from a stock insurance company owned by 30 shareholder banks to a mutual insurance company owned by policyholders.
Direct premiums and considerations - down 1.2% from 2016 - will decline as regulatory uncertainty stymies sales of certain types of individual annuities, according to just-released report from S&P Global Market Intelligence.
Effective in the fourth quarter of 2017, Prudential Financial's five U.S. businesses will be aligned under three groups oriented to the needs of specific customers.