Life insurer earnings decline in 2021 despite highest new premium growth in over three decades
AM Best’s Special Report shows individual life market reporting a pretax loss of nearly $8 billion
Term Life
Past year’s U.S. life insurance sales growth highest since 1983
Propelled by 26% fourth quarter premium growth, total life insurance new annualized premium grew 20% in 2021 according to just-released LIMRA data.
Life insurance activity declines in February, but grows compared to 2020 and 2019
Growth for ages 71+ and declines for all other age bands according to the latest MIB Life Index.
Lack of knowledge, confidence deter women from purchasing life insurance
Over the past five years, the life insurance ownership rate for U.S. women has dropped 10 points to 47% according to LIMRA.
Western & Southern acquires Fabric to accelerate digital expansion
Western & Southern Financial Group announced Jan. 12 it has acquired Fabric Technologies and its subsidiary, Fabric Insurance Agency LLC, which provide a digital life ... Read more
DALBAR identifies some usual suspects for Superior Term Life Website Experiences
Nationwide, AIG Direct rank one and two for offering prospective and existing policyholders an online environment that represents a superior standard of customer care.
Startup specializing in immediate online term coverage in the age of COVID
4NoExam.com launched as a “new approach to life insurance in the time of COVID” with coverage up to $1 million without a medical exam.
Seven-Eleven to sell life insurance, but not in the U.S.
Japan’s largest convenience store chain will start selling cancer insurance policies through vending machines as a way to make “contactless” sales necessitated by coronavirus.
Insurify expands into life insurance
With over $10 billion of insurance coverage sold since 2016, leading insurtech car insurance startup aims to become the one-stop-shop comparison platform for car, home and life insurance.
New life insurer using data and AI to reward those who ‘live healthy’
Sproutt Insurance launches with backing from Guardian Life.
