Prosperity Life Group Appoints Nick Volpe as CTO to Enhance Technology Strategy
Prosperity Life Group Names Nick Volpe as Chief Technology Officer
NEW YORK – Prosperity Life Group has announced the appointment of Nick Volpe as Chief Technology Officer. Volpe, who will report directly to CEO Michael Ferik, has a robust background in technology leadership. His expertise includes modernizing platforms for fixed-indexed annuities and enhancing AI-driven digital and data solutions, which are crucial for maintaining regulatory compliance requirements.
With over 20 years in technology, operations, and digital transformation, Volpe brings significant experience from the insurance and financial services industry. He was previously Executive Vice President and Chief Technology and Operations Officer at American Equity. His track record includes a substantial tenure at Guardian Life as CIO of Individual Markets, where he developed programs to support advisors and distribution partners. He also spent nine years with Equitable, further honing his skills in risk management and claims processing.
CEO Michael Ferik remarked, “I have seen Nick’s expertise in action. His track record in elevating technology capabilities will be invaluable as we advance our strategic priorities." This strategic hiring emphasizes Prosperity's dedication to enhancing its technological framework and delivering value across its underwriting and claims processes. Volpe expressed his enthusiasm by saying, “I am excited to join Prosperity Life Group as the firm builds on its products and capabilities for retail consumers.”
About Prosperity Life Group
Prosperity Life Group is a U.S.-focused life insurance carrier, specializing in providing life and annuity products, reinsurance, and comprehensive capital solutions. The company extends its operational capabilities to offshore markets such as the Cayman Islands and Bermuda. Its underwriting entities include SBLI USA Life Insurance Company, Inc., Shenandoah Life Insurance Company, S. USA Life Insurance Company, Inc., and National Western Life Insurance Company, ensuring robust coverage in life insurance and asset accumulation solutions for its customers.