Life insurance application activity was flat in November on a year-over-year comparison. But activity remained up 2.6% year to date, according to the MIB Life Index.
Life insurance application activity was flat in November on a year-over-year comparison. But activity remained up 2.6% year to date, according to the MIB Life Index.
More than 250 members of the National Association of Insurance and Financial Advisors took to Capitol Hill today to meet with over 200 Congressional offices to advance the need to protect the worker classification of financial service professionals as independent contractors and to provide consumers a variety of choices in financial service professionals.
NAIC regulators are collecting data on how insurers use artificial intelligence and machine learning.
Fifty-eight percent of life insurers are either using or have an interest in using artificial intelligence in their businesses, an NAIC working group found.
KKR resolved lingering liabilities with Global Atlantic Financial Group minority shareholders by purchasing the remaining 37% of the insurer for $2.7 billion.
Although greenfield is smaller in scope than a traditional PAS modernization project and enables life insurance companies to start processing new business quickly, it’s not the solution to all your digital transformation roadblocks.
The agenda featured discussions on topics such as: the continued growth and prevalence of artificial intelligence; the return of the U.S. Department of Labor’s Fiduciary Rule; insurance issues related to catalytic converter theft; medical loss ratios for dental health care services plans; public adjuster professional standards reform; and more.
A top executive to disgraced financier Greg Lindberg agreed to settlement terms with four insurance companies once owned by Lindberg and now in liquidation.