Investors Heritage nabs title of ‘Fastest Growing U.S. Life and Annuity Insurer’
New report from S&P Global ranks companies based on both direct and net business volumes. Companies also had to have seen at least 25% growth in direct first-year and single premium business as a measure of new production to be considered.
Recent Life Insurance News
SEC adopts Regulation BI in 3-1 vote
The Securities and Exchange Commission (SEC) voted in favor of adopting a final amended version of the Regulation Best Interest rulemaking package on Tuesday, drawing praise from the insurance industry.
Industry advocates take victory lap after House passes SECURE Act
After House passes the landmark retirement reform legislation with overwhelming bipartisan support, advocacy groups release statements urging Senate to do the same.
Individual life sales rise slightly in Q1 despite fewer policies sold
Latest LIMRA data finds fixed UL sales dropped 15%; indexed UL new annualized premium grew 9% in the first quarter.
Recent life settlement transactions reveal broad social utility
Life settlement brokerage firm says seniors are selling unwanted life policies to solve a wide range of financial challenges.
Happy (almost) National Life Insurance Day
May 2 marks a rather under-the-radar industry awareness day. Here’s the brief backstory.
Penn Mutual, Haven Life earn Model Insurer awards for innovative technologies
Celent recognizes 20 winners with 2019 Model Insurer Awards for best practices of technology usage in different areas critical to success in insurance.
NAIFA, NAILBA partner on initiatives to strengthen political advocacy, professional development
Initiatives bolster membership cooperation to align efforts on challenges like state-run retirement plan proposals, tax reform, and federal and state efforts to revise the standards of care.
‘Selfies’ that predict life expectancy buoyed by new partnership
Life insurers can implement facial analytics without overhauling legacy systems thanks to a new Sureify/Lapetus deal that paves the way to high-touch customer engagement.
Under-60 crowd not pulling their weight with life insurance applications
Activity stumbles in March, MIB Reports, although over-60 apps are up.
Reinventing life insurance agency distribution globally
Life insurers must improve distribution, which is consuming an increasing share of the industry's total economic value, particularly compared with customers' declining share, according to a new BCG/Morgan Stanley report.