Life Insurance
Life Insurance
Swiss Re Imprint Looks To Mine Gold in Closing Life Insurance Gap
IptiQ works in partnership with call centers, independent agents and brokerage organizations—and even life insurers—to extract existing customer data. The aim of that effort is to find any gaps that exist and target solutions for closing them.
Date: May 2024
Risk Adviser
Following Ben Franklin’s Adage About Protecting a Prime Asset: Life
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
Life Insurance: Best Interest
California Governor Signs Legislation Requiring ‘Best Interest’ Standard To Reveal Charges on Annuity Sales
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
Life Insurance: PPLI
Senate Committee Report: PPLI Is a Multibillion-Dollar Tax Giveaway
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
Life Insurance: Genetic Testing
Delaware Bill Would Ban Life Insurers From Buying Some Consumer Data
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
Life Insurance: CEO Interview
New TruStage CEO Seeks Novel Ways of Reaching End Customer
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
Life Insurance
AM Best: US Individual Life Payout Ratios Decline
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
Life and Annuity
Life and Annuity Insurers Eyeing Bermuda in Quest for Efficiency
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
Life & Annuity
Life & Annuity
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
Spotlight: Life & Annuity
Heightened Life Insurance Demand Shaped by Pandemic, LIMRA Says
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
Best's Rankings
Top 25 US Life/Health Insurers — 2024 Edition
Ranked by 2022 total admitted assets.
Date: January 2024
Best's Rankings
Top 25 US Life/Health Writers — 2024 Edition
Ranked by 2022 direct premiums written.
Date: January 2024
Best's Rankings
Top 25 US Life/Health Writers — 2024 Edition
Ranked by 2022 net premiums written.
Date: January 2024
Best's Rankings
Top 25 US Life/Health Writers — 2024 Edition
Ranked by 2022 capital and surplus.
Date: January 2024
Best's Rankings
Top US Life Reinsurers – 2024 Edition
Ranked by 2022 individual life insurance in force.
Date: January 2024
Best's Rankings
Top US Life Reinsurers – 2024 Edition
Ranked by 2022 group life insurance in force.
Date: January 2024
Auditors & Actuaries
Top Audit and Actuarial Firms
The firms were ranked by loss reserves.
Date: December 2023
Auditors & Actuaries: SOA Panel
Industry Panel: Pandemic Could Leave Excess Mortality Levels High for Some Time
Excess deaths in the insured population aren’t going away, according to an actuary with Fortitude Re.
Date: December 2023
Auditors & Actuaries: Health Screenings
Greater Health Screenings Could Save Life Insurers Money and Improve Mortality, Group Says
A nonprofit formed by industry executives is proposing insurers test policyholders for a battery of common causes of morbidity.
Date: December 2023
Annuities
Annuities Newcomer Aspida Life Reaping the Benefits of a Fruitful Market
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
The Last Word
US P/C Downgrades Outnumber Upgrades While Life/Health Downgrades Equal Upgrades in First Half of 2023
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
Life Insurtechs
A Virtual Reality: Life Insurtechs Look Beyond Online-Only Sales for Growth
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
Best’s Rankings: L/H Investment
US Life/Health – Pre-Tax Investment Total Returns – 2023 Edition
Investment returns from 2013 to 2022.
Date: November 2023
Best’s Rankings: L/H Investment
Top 25 Life/Health Insurers’ Investment Returns – 2023 Edition
Ranked by 2022 total admitted assets.
Date: November 2023
Life Insurance
RGA President: Life Reinsurance Growth Strengthens in Asia, Europe
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
Behavioral Science
How Emotional Reactions to Major Events Can Help Propel Decisions, Life Insurance Sales
Behavioral science shows an individual’s feelings toward risk are useful and often beneficial in decision-making.
Date: September 2023
Emerging Asia
Foreign Insurers Race To Fill Gaps, Find Opportunity in Emerging Asia
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
L/H Mutual Insurers
Life Mutuals Are Driving Efforts To Expand Middle Market Coverage
Mutual insurers say their longer-term approach serves policyholders, who each own a stake in the business.
Date: September 2023
Best’s Rankings: Mutual Insurers
Top 25 US Life/Health Mutual Companies – 2023 Edition
Ranked by 2022 total net admitted assets.
Date: September 2023
Best's Rankings
US Life/Health – 2022 Ordinary Life Average Policy Size and Lapse Ratios – 2023 Edition
Ranked by 2022 ordinary life business issued.
Date: September 2023
Best’s Rankings
US Life/Health – Group Life Issued – 2023 Edition
Ranked by 2022 group life business issued.
Date: September 2023
Best’s Rankings
US Life/Health – Group Life In Force – 2023 Edition
Ranked by 2022 group life business in force.
Date: September 2023
Best’s Rankings
US Life/Health – Total Life Issued – 2023 Edition
Ranked by 2022 total life business issued.
Date: September 2023
Best’s Rankings
US Life/Health – Total Life In Force – 2023 Edition
Ranked by 2022 total life business in force.
Date: September 2023
Best’s Rankings
US Life/Health – Ordinary Life Issued – 2023 Edition
Ranked by 2022 ordinary life business issued.
Date: September 2023
Best’s Rankings
US Life/Health – Ordinary Life In Force – 2023 Edition
Ranked by 2022 ordinary life business in force.
Date: September 2023
Best’s Rankings
US Life/Health – Term Life Issued – 2023 Edition
Ranked by 2022 term life business issued.
Date: September 2023
Best’s Rankings
US Life/Health – Term Life In Force – 2023 Edition
Ranked by 2022 term life business in force.
Date: September 2023
Annuities
Life Insurers Leverage Higher Rates To Drive Annuity Growth
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
Best's Rankings
Largest Annuity Insurers – 2023 Edition
Ranked by 2022 market share (DPW%).
Date: August 2023
Life Insurance
Insurers Working To Narrow $12 Trillion Gap in US Life Insurance Coverage
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
Top 200 US L/H Insurers
Top 200 US Life/Health Insurers - 2023 Edition
Industry’s 2022 admitted assets decreased 4.6%.
Date: July 2023
Disability Benefits
Disability Benefits Show Signs of Moderating as Short-Term COVID-19 Claims Volume Eases
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
Best's Rankings
Top 50 US Disability Writers – 2023 Edition
Ranked by 2021 direct premiums earned.
Date: June 2023