Fidelity Estimates $172,500 in Retirement Healthcare Costs; Financial Services Embrace Digital Shift
Fidelity projects $172,500 healthcare costs for 65-year-olds retiring in 2025, as financial services accelerate shift to digital customer channels.
July 2025 Top U.S. Funding Rounds Highlight FinTech, InsurTech, and AI Innovation
Explore July 2025's largest U.S. funding rounds featuring fintech, insurtech, and AI startups. Key investments highlight trends in commercial auto insurance, financial operations, and innovative tech platforms.
Zinnia Migrates AnnuityNet Platform to AWS, Enhancing U.S. Annuity Processing
Zinnia transitions its AnnuityNet platform to Amazon Web Services, significantly boosting scalability and security for processing over half of U.S. bank and broker-dealer annuity submissions.
Strategic Partnerships Between Life Insurance and Estate Planning Elevate Client Value
Explore how strategic partnerships between life insurance professionals and estate planning attorneys enhance client value, improve wealth transfer, and drive business growth in the financial services industry.
Venerable Holdings Expands Variable Annuity Reinsurance with Corebridge and American General
Venerable Holdings boosts assets under management and annual sales through new variable annuity flow reinsurance agreements with Corebridge Financial and American General Life Insurance.
Consortium Led by Allianz Completes €3.5B Acquisition of Viridium Group
A consortium including Allianz and BlackRock completes €3.5 billion acquisition of Viridium Group, strengthening presence in the European closed-life insurance market and expanding asset management capabilities.
Life Insurers Expand Strategic Role in Credit Markets, Morgan Stanley Reports
Morgan Stanley reports on the strategic rise of life insurance companies in credit markets, emphasizing their evolving asset allocation strategies and growing market influence.
Increasing Cybersecurity Challenges for Financial Services: Vendor Breaches, Mobile Malware, and VPN Vulnerabilities
Financial sector faces escalating cyber risks from vendor breaches, advanced mobile malware, and critical VPN vulnerabilities, underscoring need for enhanced supply chain oversight and Zero Trust security.
U.S. Insurance Stocks: Evaluating Risks in Lincoln National, Lemonade, and AXIS Capital
Explore insights on three U.S. insurance stocks—Lincoln National, Lemonade, and AXIS Capital—highlighting valuation concerns and sector risks affecting market performance and investment decisions.
Ally Financial Faces Challenges with Legacy Auto Loan Losses and Credit Card Divestiture
Ally Financial's stock declined 6% due to higher losses on legacy auto loans and credit card business sell-off, highlighting portfolio management challenges.