- All Life Sales Up, As IUL Steals The Show
Wink, Inc. releases fourth quarter, 2022 life sales results
Wink, Inc. released the fourth quarter, 2022 life sales results in its 102nd edition of Wink’s Sales & Market Report. Wink’s Sales & Market Report is the insurance industry’s #1 resource for life insurance sales data, since 1997.
read more - In Force Data Solutions From MIB Provide Unique Insights To The Life Insurance Industry
Delivering unique insights leveraging real-time in force and pending application activity identifying potential risks and in force optimization opportunities
MIB, the life insurance industry's most trusted and secure partner for data-driven insights and digital services announced the launch of a new suite of solutions that leverage a unique database consisting of in force and pending application data as well as terminated policy data to provide new critical insights to the industry.
read more - 2022 Life Insurance Sales Match Record Set In 2021
New annualized premium totaled $15.3 billion in 2022, level its the record-setting sales in 2021
Propelled by the strong growth in the first half of 2022, U.S. life insurance premium totaled $15.3 billion, roughly level with the record-high premium sold in 2021, according to LIMRA’s U.S. Retail Individual Life Insurance Sales Summary for Fourth Quarter 2022.
read more - U.S. Life/Annuity Insurers Flex Muscles In 2022, Remain Well-Positioned For 2023 Challenges
The life/annuity segment emerged from the pandemic with solid balance sheets, capitalization, and liquidity, but faces new challenges
Despite equity market volatility, inflationary pressure and rapid interest rate hikes, U.S. life insurance and annuity writers posted a 17% increase in net income to $31.7 billion through third-quarter 2022, as compared with the same prior year period, driven mainly by a 7% rise in premium and annuity considerations, according to a new AM Best…
read more - Helping Women Prioritize Life Insurance
Owning life insurance is one way women can feel more confident about their financial future
According to LIMRA’s Insurance Barometer Study, in 2022, less than half of American women (46%) had life insurance coverage, seven points below the ownership rate of men (53%). This marks the sixth consecutive year of declines in the rate of women’s life insurance ownership.
read more - U.S. Life Insurance Activity Continues To Grow in February 2023
Ages 0-30 outpace other age bands in growth
U.S. life insurance application activity continued to grow in February, with Year-over-Year (YOY) activity up +3.0%. When comparing February 2023 to the same month in prior years, activity was flat at -1.0% compared to 2021, up +6.3% compared to 2020 and up +7.9% compared to 2019. On a Year-to-Date (YTD) basis, activity through February 2023…
read more - From Intent To Action: Creating Financial Security For Black Americans
As the nation celebrates Black History Month, the life insurance industry should work together to create the educational tools and resources to help Black Americans get the coverage they need to protect their loved ones and attain greater financial security
The impact of COVID-19 continues to weigh on Black Americans. According to LIMRA’s latest Consumer Sentiment Study, while Americans’ overall concern about COVID has dropped by half to 25% compared to a year ago, 4 in 10 Black Americans continue to express heightened concern about COVID-19 and 41% report high levels of financial stress in…
read more - Insurers Navigate The Changing Landscape
Insurers are juggling major regulatory compliance with the need to grow capital and use it more efficiently
The phenomenal amount of assets gathered by the Asia-Pacific insurance industry in the last two decades, consisting of 26% of institutional investable assets in the region, are now bringing in sizable investment income for insurance companies. As insurers increasingly take on more risks, tightening of capital is taking place and changing the landscape of the…
read more - U.S. Life Insurance Application Activity Returns To Growth In January 2023
Growth across all age bands and product types
U.S. life insurance application activity saw growth in January 2023 compared to January 2022, with Year-over-Year (YOY) activity up +8.6%, representing the first month of YOY growth since November 2021.
read more - ESG and Stakeholder Capitalism are Changing Corporate Boards
Sixty-eight percent of execs foresee a 'significant and durable impact'
ESG and stakeholder capitalism will have a meaningful and lasting impact on US corporate boards, according to a new study by The Conference Board. 68 percent of survey respondents believe that ESG will have a significant and durable impact on their boards, while 53 percent say the same about stakeholder capitalism.
read more - For Love or Money?
How housing costs impact romantic decision
Moving in with a romantic partner is a big step, and one that shouldn't be taken lightly. However, when it comes to taking the next step in their relationship, 63% of people who have moved in with a romantic partner said that their decision was impacted by finances and/or logistics.
read more - Inheritance Discussions Are Worth the Effort for Advisors
Difficult conversations are crucial to effective wealth transfer
Effective wealth transfer is a common goal of affluent investors, yet bequestors face numerous challenges to fulfilling this objective in both the short and long terms.
read more - Half of All Insolvencies Filed By Millennials
The only age group to see a rise in unsecured debt obligations
Half of all insolvencies (49%) in 2022 were filed by Millennials, even though they make up less than 27% of total Canadians aged 18 and over, according to a study conducted by Licensed Insolvency Trustees Hoyes, Michalos & Associates Inc.
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