This report compiled by InsuranceNewsNet staff.
Strong sales of fixed-indexed and income annuities helped overall annuity sales hit $181.1 billion in the first half of 2023, far surpassing the old record.
The Securities and Exchange Commission last week fined Titan Global Capital Management, a New York-based fintech advisor, for misleading marketing under a newly amended rule.
Indexed annuity sales soared during the second quarter, according to the Wink Sales & Market Report, setting an all-time quarterly record.
Preliminary results from LIMRA’s U.S. Retail Individual Life Insurance Sales surveys and estimates show increases in premium and policies sold in Q2.
In the first half of 2023, total annuity sales jumped 28% to $182.7 billion. This marks the highest sales ever recorded in the first six months of a year.
Following record-high sales in 2022, total first quarter annuity sales were $92.9 billion, a 47% increase from the prior year.
Consumers love indexed universal life, a love affair that remained strong in the fourth quarter 2022, according to Wink’s Sales & Market Report.
Total U.S. single premium buy-out sales were $48.3 billion in 2022, up 42% from 2021 results, according to LIMRA’s U.S….
American International Group today announced that it terminated Mark Lyons from his position as AIG’s interim chief financial officer and…
Annuity sales set a quarterly record for the third consecutive quarter, LIMRA reported today. Investors are flocking to the safety promised by fixed annuities.
Total U.S. individual life insurance new annualized premium fell 5% in the third quarter compared with prior year results, LIMRA found.
Indexed life insurance continues to drive growth, despite regulation pressures and other disruptions, according to the latest Wink’s Sales & Market Report.
Third-quarter sales of deferred annuities soared nearly 21% over the year-ago quarter, according to Wink’s Sales & Market Report.
LIBRA Insurance Partners and Insurance Designers of America, LLC (IDA) announce the merger of the two organizations, creating the largest…
A group of industry trade associations beseeched the House Finance Committee this week to bring stalled legislation to reduce market barriers for the sale of registered index linked annuities to the House floor for a vote.
Total U.S. life insurance new annualized premium increased 6% in the second quarter 2022, the sixth consecutive quarter of premium growth, according to LIMRA.
Indexed life insurance sales continued a strong pace during the second quarter, according to the Wink’s Sales & Market Report.
Fixed-rate deferred (FRD) and registered index-linked (RILA) sales reached an all-time record for the quarter, while fixed index annuity sales fell just short of a record quarter.
Authorities say Scott Kohn, 68, of Newport, California, caused $310 million in losses to more than 2,500 retirees and placed more than 13,000 veterans into exploitative loans.
A defiant Washington State Insurance Commissioner Mike Kreidler said Friday that he will not resign despite losing Gov. Jay Inslee’s support after multiple scandals.
