Retirement planning in the U.S. has focused for many on defined contribution plans and accumulation with little discussion of how to secure guaranteed income through annuities as part of workers' 401(k) accounts. With that about to change, the annuity industry sees a big opportunity on the horizon.
A Minnesota woman claims years of opioid prescriptions and surgeries failed to help her, and she began paying for medical marijuana out of pocket. Eventually, she sought and won her claim for coverage under the state workers' compensation code.
For the property/casualty personal lines segment, there is continued robust risk-adjusted capitalization with sufficient liquidity, driven by the impact of COVID-19 on the economy and equity markets, AM Best says.
Allstate Insurance Co. filed the first division plans in Illinois, and their subsequent approval was a significant step forward for the insurance industry to expand the application of restructuring mechanisms.
The Baby Boomer Dilemma, a new documentary film by Doug Orchard, tells of the role of annuities in retirement portfolios to guard against "haircuts" to traditional pensions or Social Security, as well as potential volatility in defined contribution plans.
In what may be an indicator, the Wholesale & Specialty Insurance Association held its Annual Marketplace in person in November—and the San Diego event drew its second-highest turnout ever. Many organizers are planning for an in-person component to their meetings in 2022.
Although the pandemic has forced events to be held using hybrid formats, the in-person element offers attendees a chance to reconnect with colleagues. It’s a delicate balancing act as health safety remains a priority.
The delta variant pushed up the number of pandemic-related deaths for working-age people in the U.S. A mix of investment gains and business diversification across segments could help ameliorate potential costs.
Whether it's technical, analytic or systemic change, the insurance industry has undergone profound transformation, industry leaders say.
Insurers look to embedded coverage as a growth distribution channel.
Insurtech veteran Caribou Honig discusses insurtech strategy with an entrepreneur who launched a company later acquired by American Family.
Attendees at the Wholesale & Specialty Insurance Association’s Annual Marketplace said the E&S sector is experiencing new capital and entities at a rapid pace.
The new company, which looks to market the digital platform created to run Haven Life, is betting the wave of innovation in life insurance has not yet peaked and that more players will look to buy instead of build as they upgrade.
The 200-year-old company is keeping up its tradition of “looking out there at the horizon and seeing what’s new and interesting” as the insurance industry experiences significant changes, said Marc Adee, Crum & Forster’s chairman and CEO.
AM Best believes that communicating how it views environmental, social and governance factors in the context of insurance credit ratings will provide greater transparency to the market. This frequently asked questions document was developed to provide additional background and context.
Low interest rates, regulatory developments and digitalization also are playing key roles in the region's development, analysts say.
The Middle East and North Africa region includes a diverse mix of markets, regulatory systems and political environments.
Are they really worth the risk?
The January issue includes a look at the possible return of in-person events in 2022 and coverage of industry innovations past and present.
Insurers were ranked by 2020 gross premiums written.
Peter Jackson also highlights the need for organizations to include chief data officers in the C-suite.
Also, Allianz names first chief analytics officer and the former director of the Federal Insurance Office joins Brookfield Asset Management.
Other trending research includes a report on key LIBOR transition dates as well as reports on the commercial and private passenger auto markets.
Marsh McLennan Agency’s chief marketing officer discusses the importance of viewing B2B marketing as an audience of individuals and why digital marketing must make this a priority now and for the future.
Professionals also discuss auto insurance trends and their effects on carriers as well as outlooks for various segments in the U.S. insurance market.
Sunset Life, Victoria National and Alestri Insurance Co. are among the U.S. life/health and property/casualty insurers that have experienced a corporate change.
Berkshire Hathaway leads web analytics provider Semrush's ranking of the top U.S. Workers' Compensation Writers based on 2020 market share.
Also, industry professionals discuss the modest improvement for rates as well as the challenge of remotely building relationships and training staff.
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