Annuities

  • Variable Annuities Reforms Leading to Mixed Results for Life/Annuity Insurers
    Variable Annuities Reforms Leading to Mixed Results for Life/Annuity Insurers

    Expected to diminish noneconomic volatility that resulted under the previous framework

    AM Best expects variable annuity (VA) reforms from the National Association of Insurance Commissioners’ (NAIC) to diminish noneconomic volatility that resulted under the previous framework and may reduce the use of captives by U.S. life insurance and annuity writers.
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  • DTCC Launches Pilot Program For New Insurance Information Exchange Platform
    DTCC Launches Pilot Program For New Insurance Information Exchange Platform

    IIEX to transform the way clients consume and leverage insurance data

    The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced a client pilot program for its new Insurance Information Exchange (IIEX) service, a transformative new platform that will help clients turn massive quantities of insurance data and information across 15.6 million policy records into actionable insights.…
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  • Riding Longevity’s Turning Tide
    Riding Longevity’s Turning Tide

    Why ‘annuity’ is no longer a dirty word

    by Tamiko Toland

    If Americans want to retire and set aside worries about future income, many of them are going to need some help from the insurance industry. Sure, those in the top tax brackets have an abundance of options and plenty of advice on how to manage their finances. However, many people can benefit from the guaranteed…
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  • US Life Insurance Premium Growth Pause Proves Temporary
    US Life Insurance Premium Growth Pause Proves Temporary

    Industry asserts a ‘pandemic-induced anomaly’

    Direct premiums and considerations among U.S. life insurers increased on a year-over-year basis in the third quarter, suggesting that the second quarter's sizable decline represented a pandemic-induced anomaly. The overall growth rate for the life, annuity and accident-and-health business of approximately 0.9%, according to statutory data compiled and adjusted by S&P Global Market Intelligence, shows…
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  • Banks Rebound in Third Quarter to Drive Fixed-Rate Deferred Annuities Growth
    Banks Rebound in Third Quarter to Drive Fixed-Rate Deferred Annuities Growth

     Continued market volatility and general uncertainty prompted investors to seek protection

    Fixed-rate deferred (FRD) annuity sales surged 60% in the third quarter to $15.8 billion, driven in part by strong sales through banks, according to the Secure Retirement Institute® (SRI®) U.S. Individual Annuity Sales Survey.
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  • Third Quarter Annuity Sales Rebound But Remain Below 2019 Sales Levels
    Third Quarter Annuity Sales Rebound But Remain Below 2019 Sales Levels

    Attributed to manufacturers and distributors overcoming operational hurdles caused by the pandemic and social distancing

    Total annuity sales were $54.8 billion in the third quarter, up 13% from the second quarter 2020 but 8% lower than prior year results, according to preliminary results from the Secure Retirement Institute® (SRI®) U.S. Individual Annuity Sales Survey.
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  • Third Quarter Annuity Sales Rebound But Remain Below 2019 Sales Levels
    Third Quarter Annuity Sales Rebound But Remain Below 2019 Sales Levels

    Low interest rate, uncertainty keeping investors on the sidelines

    Total annuity sales were $54.8 billion in the third quarter, up 13% from the second quarter 2020 but 8% lower than prior year results, according to preliminary results from the Secure Retirement Institute® (SRI®) U.S. Individual Annuity Sales Survey.
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  • Americans Find Breathing Room Between Bouts Of Market Volatility
    Americans Find Breathing Room Between Bouts Of Market Volatility

    New study findings from Allianz Life show people feel better about their current finances as they look to an uncertain close to the year

    As markets settle from initial COVID-19-related health and economic crises, Americans are evaluating the damage and reassessing their market volatility threshold. According to new findings from the Q3 Quarterly Market Perceptions Study from Allianz Life Insurance Company of North America (Allianz Life) fewer people express concern over a coming recession than they did last quarter…
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  • Estimated Cost Of Retiree Pension Risk Transfer Decreases
    Estimated Cost Of Retiree Pension Risk Transfer Decreases

    Drops from 104.2% to 102.8% in July

    Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the Pension Risk Transfer (PRT) market continues to grow, it has become increasingly important to monitor the annuity market for plan sponsors that are considering transferring retiree pension obligations to an insurer. The…
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  • Point Of Purchase Life Insurance: Selling Where Life Happens
    Point Of Purchase Life Insurance: Selling Where Life Happens

    Everyday bears opportunities

    by Denise Garth

    Every moment of every day, retail operations are under scrutiny. Executives and management teams for grocery stores, gas stations, big box home goods, home repair and department stores are obsessed with merchandising. Product placement is always in flux. Endcaps are changed for a season or a weekend. Special displays are constructed as demand is anticipated.
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