An 18-month investigation found the domestic private placement life insurance market amounts to a $40 billion tax shelter for a few thousand individuals with a net worth of hundreds of millions or billions of dollars each.
Date: April 2024
In a world where employee life insurance might be a person’s only coverage, why can’t employers extend the benefit after a layoff?
Date: April 2024
The bill would bar life insurers from nonrenewing or rejecting applications based on genetic characteristics, genetic information or the result of any genetic test not in a medical record as a basis for an individual’s medical diagnosis.
Date: April 2024
Under terms of the new law, producers will be required to act in the best interests of clients by disclosing how the transaction would benefit them and revealing any hidden fees or charges.
Date: April 2024
Terrance Williams says the company’s approach will be to offer products to fill a need as customers are entering different stages of their lives.
Date: March 2024
Renewal premiums continue to dominate the individual life premiums in the U.S., but the affordability of life insurance may be an issue due to inflation and other economic factors, according to a recent Best’s Special Report.
Date: March 2024
In a strong market for annuity sales, life and annuity insurers are looking to form new divisions or acquire existing ones in Bermuda.
Date: February 2024
Ranked by 2022 group life insurance in force.
Date: January 2024
Ranked by 2022 individual life insurance in force.
Date: January 2024
Ranked by 2022 capital and surplus.
Date: January 2024
Ranked by 2022 net premiums written.
Date: January 2024
Ranked by 2022 direct premiums written.
Date: January 2024
Ranked by 2022 total admitted assets.
Date: January 2024
The main purpose of life insurance is to cover the risk of dying too early or, in the case of annuities, the risks that may come with living longer than expected.
Date: January 2024
Alison Salka, head of LIMRA research, says one-third of people became more interested in buying life insurance because of the COVID-19 outbreak.
Date: January 2024
Personal lines is having a very difficult year: in the first six months of 2023, there were eight upgrades and 21 downgrades.
Date: December 2023
The firms were ranked by loss reserves.
Date: December 2023
Excess deaths in the insured population aren’t going away, according to an actuary with Fortitude Re.
Date: December 2023
A nonprofit formed by industry executives is proposing insurers test policyholders for a battery of common causes of morbidity.
Date: December 2023
Aspida started operations in June 2022 from a “clean shell” with no legacy blocks. Now the company says it’s on a $2 billion annual run-rate for new business as it focuses on bolstering its technology.
Date: December 2023
Investment returns from 2013 to 2022.
Date: November 2023
Ranked by 2022 total admitted assets.
Date: November 2023
Life insurtechs find that focusing on sales in cyberspace may not go far enough in the current environment. Upstarts such as Bestow Life Insurance Co. and Wyshbox find that partnerships—with agents and legacy carriers—are key to expanding their reach.
Date: November 2023
The Hong Kong business is benefiting from the recovery of mainland China to pre-COVID-19 levels. This is a “material” source of income for the Hong Kong market, said Tony Cheng, president of Reinsurance Group of America Inc.
Date: October 2023
Ranked by 2022 total life business issued.
Date: September 2023
Ranked by 2022 total life business in force.
Date: September 2023
Ranked by 2022 term life business issued.
Date: September 2023
Ranked by 2022 term life business in force.
Date: September 2023
Ranked by 2022 ordinary life business issued.
Date: September 2023
Ranked by 2022 ordinary life business in force.
Date: September 2023
Ranked by 2022 group life business issued.
Date: September 2023
Ranked by 2022 group life business in force.
Date: September 2023
Ranked by 2022 ordinary life business issued.
Date: September 2023
Ranked by 2022 total net admitted assets.
Date: September 2023
Mutual insurers say their longer-term approach serves policyholders, who each own a stake in the business.
Date: September 2023
Behavioral science shows an individual’s feelings toward risk are useful and often beneficial in decision-making.
Date: September 2023
Changing demographics and the need for coverage are among the attractions in life and nonlife markets in countries such as India and China.
Date: September 2023
Bigger returns are now available on the simplest of products, but will consumers rush to surrender older contracts in search of higher income potential?
Date: August 2023
Ranked by 2022 market share (DPW%).
Date: August 2023
Industry’s 2022 admitted assets decreased 4.6%.
Date: July 2023
A growing portion of the insurance industry views closing the divide as a way to shrink the larger wealth gap across various segments of the population.
Date: July 2023
Ranked by 2021 direct premiums earned.
Date: June 2023
Earnings for the disability insurance market improved in 2022, according to an AM Best report, as premium revenue increased, COVID-related cases abated, and the rise of interest rates had favorable impacts on investment income and reserve assumptions.
Date: June 2023
Insurance-linked wellness programs have a widespread impact.
Date: May 2023
A Best’s Special Report identifies the causes of difficulties experienced by certain insurers from 2000 to 2021.
Date: May 2023
Life insurance sales in 2021 and the first half of 2022 were up because of the pandemic, but inflation and fears of recession have insurers battling now for wallet share as consumers choose where to invest, according to Edward Kohlberg, director, AM Best.
Date: April 2023