- Getting Value From Data – The Insurer’s Perspective
How 91% of carriers are prioritizing the use of data and analytic technologies to inform decisions on pricing
In a new report commissioned by Equisoft, global research firm Celent presents the findings of an executive study aiming to understand how North American insurers are actually creating value from their data, and how they are improving their abilities to expose and use their data for more than administrative purposes, while overcoming the key risks…
read more - The Impact Of A Healthy Lifestyle On Retirement
Establishing health interventions that could allow individuals, employers, and insurers to share in the value of people living longer, healthier, and – ideally – more purpose-filled lives
Lifestyle improvements not only bolster the health and life expectancy prospects of younger adults, but also have a material impact on post-retirement life, according to research conducted by Vitality for the Society of Actuaries (SOA) Research Institute.
read more - Prudential Financial To Sell $31B PALAC Block Of Legacy Variable Annuities To Fortitude Re
De-risking transaction for 17% of Prudential’s annuity block advances transformation strategy by reducing exposure to traditional variable annuities with guaranteed living benefits and capital markets sensitivity
Prudential Financial, Inc. (“Prudential”) (NYSE: PRU) and Fortitude Group Holdings, LLC, the parent company of Bermuda’s largest multi-line reinsurer (“Fortitude Re”), today announced that they have entered into a definitive agreement under which Prudential will sell a portion of its in-force legacy variable annuity block to Fortitude Re for a total transaction value of $2.2…
read more - Apella Capital To Establish Partnership With Wealth Partners Capital Group
Connecticut-based RIA will receive investment to fuel acquisition-based growth
Apella Capital LLC (“Apella”), a Connecticut-based registered investment adviser (“RIA”), has entered into an agreement to form a strategic partnership to accelerate its growth through acquisition and tap into industry expertise. Apella is pleased to announce that it will receive a minority investment from Wealth Partners Capital Group (“WPCG”), a financial services holding company.
read more - Small Business Hiring Experienced A Decline In August
Hiring trends decrease, as pandemic concern heighten and labor shortages persist
The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted decrease of 1.79% for August, marking a significant decline following two months of growth during the summer season.
read more - The Covid Surge Slows The Road To Recovery
Only 38% of small business owners believe the United States is heading in the right direction – a 29% decline since June
Small business owners across America are ringing the alarm about the direction the country is headed and are struggling to manage inflationary pressures, navigate the labor shortage and confront mental health struggles, according to a new survey released today from Goldman Sachs 10,000 Small Businesses Voices.
read more - Corporate Tax Rate Report
Which companies are paying the highest, and lowest?
With President Biden’s American Jobs Plan proposing increasing the corporate tax rate to 28%, the personal-finance website WalletHub today released its latest Corporate Tax Rate Report and expert commentary. The report provides an in-depth analysis of the 2020 federal, state and international tax rates paid by the S&P 100 companies, the largest and most established…
read more - Securian Financial & Securian Asset Management Sign Principles For Responsible Investment
PRI signatories are committed to including environmental, social and governance (ESG) factors in their investment decision making and ownership
Furthering their commitment to secure a sustainable future, Securian Financial and its subsidiary, Securian Asset Management, have signed the United Nations-supported Principles for Responsible Investment (PRI).
read more - Digital Asset Investment Products Gaining Favor Among U.S. & European Institutional Investors
U.S. and European interest in digital asset investment products increased 12 percentage points year-over-year
The majority (84%) of U.S. and European institutional investors are interested in purchasing institutional investment products that hold digital assets, and in the U.S., investors favor accessing these products through traditional financial firms, according to new insights from Fidelity Digital Assets’ 2021 Institutional Investor Digital Assets Study.
read more - Jackson Financial Completes Separation From Prudential
“Regular Way” trading on NYSE expected to commence on September 20, 2021
Jackson Financial Inc. (Jackson®) today announced that it has completed its previously announced separation from Prudential plc (Prudential; NYSE: PUK) through a demerger. Jackson is now an independent company, and its Class A common stock is expected to commence “regular way” trading under the ticker symbol “JXN” on the New York Stock Exchange on September…
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