Life Insurance

  • 10 Trends That Will Shape Insurance in 2021
    10 Trends That Will Shape Insurance in 2021

    It’s good to remember just how unpredictable our world really is

    2021 will surely deliver plenty of surprises but 10 trends—including ‘growth of the giants’, a race to green, the switch to usage-based cover, and Bitcoin as a new asset class—look set to have a big impact on the insurance industry in the year ahead.
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  • When Health Suffers, Finances Go On Life Support
    When Health Suffers, Finances Go On Life Support

    As COVID-19 concerns continue to mount, Americans face greater risk of suffering from high medical debt

    Even adults who do not contract COVID-19 are facing a healthcare crisis. A Debt.com survey of more than 1,000 American adults reveals 56 percent of respondents had medical debt sent to collections and nearly two-thirds owed under $5,000, while 5 percent owed over $50,000.
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  • How Technology Empowered Life Insurers to Respond to COVID-19
    How Technology Empowered Life Insurers to Respond to COVID-19

    Adapting in order to remain relevant to today's consumers

    COVID-19 has changed the world in so many ways. The way we work and interact with each other has changed dramatically. It also changed the life insurance industry. Because of social distancing, companies had to adjust their day-to-day operations to continue to serve their current and potential customers.
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  • 2021 Trends to Watch Include: Virtual Care, Mental Health, Health Equity
    2021 Trends to Watch Include: Virtual Care, Mental Health, Health Equity

    Pandemic has accelerated dramatic changes

    The pandemic has accelerated dramatic changes in health care and well-being in 2020 and will continue to do so in 2021, said Ellen Kelsay, president and CEO of Business Group on Health, the premier non-profit organization representing large employers’ perspectives on health, well-being and workforce strategy issues.
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  • 2021: From Disruption To Opportunity
    2021: From Disruption To Opportunity

    The future of insurance has arrived ahead of schedule

    by Denise Garth

    The future of insurance has arrived ahead of schedule by Denise Garth Ms. Garth is senior vice-president of marketing for Majesco, industry consultants with over two decades of experience in providing technology solutions, products and services for the insurance industry across lines of business – Life, Annuity, Health, Pensions, P&C and Group & Worksite Benefits…
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  • Investing In The Health And Innovation of Aging
    Investing In The Health And Innovation of Aging

    Two thought leaders in the longevity economy and life sciences partner for a series of events focused on people ages 50+

    Mary Furlong and Associates, a leading authority and conference producer in the $8.3 trillion longevity economy, announces a partnership with Life Science Nation (LSN) to collaborate on four global health and innovation events in 2021 to accelerate the funding of early stage companies that address life sciences and aging. The conference reaches an influential audience…
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  • Long Term Care Product Continues Poor Performance
    Long Term Care Product Continues Poor Performance

    Keeps pressure on U.S. life insurers

    Loss ratios in the beleaguered U.S. long-term care (LTC) insurance market continue to climb for individual and group business, according to a new AM Best report.
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  • Medicaid’s Critical Role in Providing Long-Term Care Coverage for Older Americans
    Medicaid’s Critical Role in Providing Long-Term Care Coverage for Older Americans

    Measuring the unpredictable and potentially catastrophic costs for retirees

    With healthcare and long-term care costs rising at much higher rates than wages or salaries, it is becoming more difficult for Americans to afford the costs of long- term care. These unpredictable costs, combined with low levels of savings, mean many older American families find themselves forced to spend down their assets so they are…
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  • New York Life Acquires Cigna’s Group Life and Disability Insurance Business
    New York Life Acquires Cigna’s Group Life and Disability Insurance Business

    Adding approximately 3,000 employees, over nine million customers, and enhancing New York Life’s portfolio of strategic businesses

    New York Life, America's largest mutual life insurer (1), today announced the completion of the company’s acquisition of Cigna’s group life, accident, and disability insurance business. The $6.3 billion acquisition, which was first announced on December 18, 2019, adds approximately 3,000 employees, over nine million customers (2), and enhances New York Life’s portfolio of strategic…
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  • Global Life Insurance Market to 2023
    Global Life Insurance Market to 2023

    A comprehensive overview, including the impact assessment of pandemic

    The "Global Life Insurance Market to 2023" report has been added to ResearchAndMarkets.com's offering. The report provides in-depth market analysis, information, and insights into the global and regional life insurance industry. This report provides a detailed outlook of the Global Life Insurance industry. It provides values for key performance indicators such as written premium and…
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  • Alliance Group Launches 4th Annual Living Benefits Awareness Month
    Alliance Group Launches 4th Annual Living Benefits Awareness Month

    To propagate the various options policy holders have within their life insurance

    Alliance Group announced the 2021 class of Living Benefits Ambassadors team as part of their fourth annual Living Benefits Awareness Month campaign. The Ambassadors will head up local grassroots campaigns to spread education and awareness for Living Benefits Awareness Month in January 2021.
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  • Planning Takes A New Center Stage
    Planning Takes A New Center Stage

    Now, more people are developing estate plans, though large percentage remain without a will

    The global focus on COVID-19 over the past year has caused people to evaluate aspects of financial security that they may have previously put off — most importantly, creating a will and an estate plan.
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  • With Slow Health Benefit Cost Growth in 2020, Employers Plan to Invest in More Support for Employees
    With Slow Health Benefit Cost Growth in 2020, Employers Plan to Invest in More Support for Employees

    For self-funded plans, as utilization falls, so do expenses

    Total health benefit cost rose 3.4% on average in 2020 (Fig. 1), reaching $13,674 per employee among all US employer health plan sponsors with 50 or more employees, according to the annual Mercer National Survey of Employer-Sponsored Health Plans 2020.
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