MGAs embrace technology to lead insurance industry innovation
Managing General Agents (MGAs) are increasingly turning to technology to stay competitive and drive innovation in the insurance industry.
This report compiled by InsuranceNewsNet staff.
Staff Reports
UnitedHealthcare CEO Brian Thompson shot dead in NYC attack
UnitedHealthcare CEO Brian Thompson was shot and killed in midtown Manhattan on Wednesday morning, according to media reports.
Indexed products lead Q3 life, annuity sales boom, Wink reports
Despite negative publicity, indexed life and annuity sales are doing quite well with consumers.
Home insurance market may be stabilizing, study finds
While premiums remain high, home insurance industry trends suggest a possible slowdown in growth, though challenges persist.
Apollo CEO Marc Rowan reportedly a contender for Trump treasury secretary
Marc Rowan, billionaire co-founder and CEO of Apollo Global Management, Inc., has reportedly emerged as a key candidate for treasury secretary.
Life insurance new premium surges 8% in third quarter, LIMRA finds
Total new annualized premium jumped 8% to $3.9 billion in the third quarter 2024, according to preliminary results from LIMRA’s retail individual life insurance sales survey.
Insurance agency M&A activity down 10% through Q3, Optis reports
There were 535 announced insurance agency mergers and acquisitions through three quarters of 2024, down 10% from 594 in the same period in 2023.
Massachusetts Mutual Life Insurance Co. will deliver a 2025 dividend of more than $2.5 billion, the largest in company history.
Economic conditions, income needs drive big annuity sales, LIMRA says
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported.
September yields life application gains in younger age groups, MIB says
Life insurance application activity showed gains in the coveted younger age bands during September, according to the MIB Life Index.
Insurance CEOs leaning into AI, M&As, survey finds
Insurance carrier CEOs are more energized about AI and M&As than their counterparts in other industries, a recent KPMG survey finds.
Term life growth a bright spot in sluggish overall life insurance sales
Term life insurance recorded its sixth consecutive quarter of growth during Q2 in both premium and policy sales, according to LIMRA’s U.S. Life Insurance Sales Survey.
Life insurance sales deliver strong rebound in second quarter, Wink finds
Second-quarter universal life sales increased by double digits compared to the previous quarter, Wink, Inc. reported.
Annuity sales ignore all disruptions in another strong quarter, Wink finds
Sales for all annuities climbed nearly 4% compared to the previous quarter, according to Wink’s Sales & Market Report.
High interest rates put chokehold on whole life in flat Q2 , LIMRA finds
New life insurance premium declined 1% during the first half, and the total number of policies sold was level with 2023, LIMRA reports.
More Americans say yes to sharing wellness data
An increasing number of Americans say they are willing to share their wellness data in return for saving money on insurance.
House committee votes to prohibit DOL spending on fiduciary rule
A House committee today approved a budget rider that would prevent the Department of Labor from spending any funds to implement its fiduciary rule.
Whole life down as life insurance sales slump in Q1, Wink reports
Whole life sales hit $1 billion for the quarter, down 12.8% compared with the previous quarter, Wink reported.
AIG takes final step to complete Corebridge separation
American International Group (AIG) has completed the long-anticipated separation of Corebridge Financial, its former life and retirement unit.
Annexus partners with John Hancock to bolster IUL product
Annexus is combining its indices with John Hancock’s longstanding life insurance expertise to bring a retooled indexed universal life product to market.
