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July 21, 2022
Insurance industry innovation.

Traditional insurers add drones, other innovative tech to modernize their toolkits

Partly as a result of consumer demand for an Amazon-like service experience, and partly due to the threat posed by young insurtechs to disrupt the industry, traditional insurers are investing heavily in new high tech tools.

Seniors turning 65 increasingly favor lower cost Medigap options

July 21, 2022

When it comes to choosing Medicare Supplement plan options, new-to-Medicare beneficiaries are opting for lower cost plans according to the American…

July 21, 2022
Health insurers hike ACA premiums, but not because of possible subsidy losses.

Health insurers hike ACA premiums, but not due to possible subsidy losses

Health insurers are hiking premiums for plans sold on the Affordable Care Act exchanges in 2023. But the possible end of expanded subsidies is not one of the driving forces behind those rate hikes.

Trust and success go hand in hand, American College study says

July 21, 2022

KING OF PRUSSIA, PA – July 21, 2022 – According to new research from The American College of Financial Services,…

July 21, 2022
LIMRA sales figures for the second quarter are out.
Annuities are selling very well.

Annuity sales rocket to $77.5B in second quarter, LIMRA reports

Total U.S. annuity sales increased 22% to $77.5 billion in the second quarter, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.

July 20, 2022
Annuities record expected in Q2, says Limra.

LIMRA expects explosive 2Q annuity sales results

As interest rates rise, so does the interest of consumers, who are buying a record number of fixed deferred, or multi-year guaranteed, annuities, according to a peek at LIMRA’s second quarter data.

Breeze adds short-term disability insurance to its platform

July 20, 2022

Breeze announced today the new offering of an individual short-term disability insurance product. With the addition of short-term disability insurance, Breeze…

How machine learning can mitigate the risk of insurance fraud

July 20, 2022

Here is how insurance companies are using ML to improve their insurance processes and flag insurance fraud before it affects their bottom lines.

Tech can ease the pain of client conversations in a down market

July 20, 2022

The right kind of technology can help demystify the financial planning process.

Report reveals older adults have significant gaps in Medicare knowledge

July 19, 2022

BALTIMORE/PRNewswire/ — Seniors enrolling in Medicare face a process fraught with challenges, display significant gaps in knowledge of plan components,…

Middle-income Americans spending less amid recession concerns, Primerica says

July 19, 2022

DULUTH, Ga. — Primerica, a leading provider of financial services in the United States and Canada, released the Middle-Income Financial…

Life insurance tech company partners with platform to provide support in time of loss

July 19, 2022

DALLAS, July 19, 2022 /PRNewswire/ — Leading life insurance technology company Bestow today announced its partnership with Empathy, a platform helping families navigate the emotional…

Allianz Life announces enhancements to Accumulation Advantage Annuity

July 19, 2022

MINNEAPOLIS – July 19, 2022 – To help clients who are looking for growth potential paired with a level of…

Fire, natural catastrophes, faulty workmanship top the list of business insurance claims

July 19, 2022

New York, July 19, 2022: A fire at a busy warehouse leaves a company struggling to replace its buffer stock;…

July 18, 2022
Life insurance policy illustrations spur concern.

NAIC subgroup tees up another crackdown on IUL illustrations

After a five-month hiatus, a state regulator group met today to again consider tightening Actuarial Guideline 49A to rein in life insurance illustrations.

July 18, 2022
Equity pain may be yet to come, say analysts.

Equity pain may be yet to come, Cerulli reports

“If the bond markets are a leading indicator, it may be that the pain has not yet hit equity funds, and elevated levels of selling are just around the corner,” according to Cerulli’s monthly report.

COVID-19 forced more than half of Black employees to re-evaluate their financial priorities

July 18, 2022

Radnor, Pa. – The pandemic’s onset in the U.S. has surpassed the two-year mark and the crisis has had long-term…

Global Atlantic launches ForeStructured Growth RILA

July 18, 2022

NEW YORK–(BUSINESS WIRE)–Global Atlantic Financial Group announced the launch of ForeStructured Growth, the first registered index-linked annuity to be issued…

Proposed legislation would make family leave plans a type of insurance

July 18, 2022

WASHINGTON – Bipartisan model legislation proposed at the National Council of Insurance Legislators (NCOIL) Summer Meeting would help workers across…

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