Tag: Life Insurance

Price Forbes Re Appoints Isaac Sanday to Lead Life, Pensions & Annuities

Price Forbes Re appoints Isaac Sanday as global head of Life, Pensions & Annuities to lead expansion in reinsurance broking services across global markets.

NAIC Task Force Adopts Disclosure-Focused Reinsurance Asset Testing Guideline

The NAIC Life Actuarial Task Force adopts a new disclosure-only guideline for reinsurance asset testing, with initial data reporting mandated by 2026 to enhance transparency in life insurer reserves.

U.S. Life Insurance Premiums Rise 8% in Q1 2025 with Product Segment Shifts

In Q1 2025, U.S. life insurance premiums increased 8% driven by strong gains in indexed and variable universal life products, while term and fixed universal life showed declines, reflecting shifting consumer preferences and economic impacts.

Illinois Bars Life Insurers From Denying Coverage or Charging More Based on Felony History

Illinois enacts HB 2425 banning life insurance companies from denying coverage or increasing premiums solely due to felony convictions, impacting underwriting and market dynamics.

Harford Mutual and MIB Group Announce Board Updates for 2025

Harford Mutual and MIB Group announce key board of directors changes for 2025, highlighting new appointments and leadership roles that reflect strategic focus on insurance innovation and governance.

LIMRA Conference Highlights Consumer Education, Mortality Improvements, and Market Challenges

Insights from LIMRA's Life and Retirement Conference reveal consumer education gaps, improved group mortality rates, and challenges in annuity distribution within the U.S. life insurance industry.

Royal Neighbors of America Marks 130 Years with Growth and Community Impact

Royal Neighbors of America celebrates 130 years of growth as a leading fraternal life insurer, emphasizing community impact and strong financial ratings in the U.S. insurance market.

Prudential's Simplified Solutions Partners with Neutrinos for AI-Powered Life Insurance Distribution

Prudential's Simplified Solutions partners with Neutrinos to leverage AI-driven automation for enhancing life insurance distribution and targeting underserved US markets with lower-cost products.

Majority of Younger Americans Prioritize Wealth Over Insurance Protection

Northwestern Mutual study reveals younger Americans focus more on wealth building than life and disability insurance, highlighting a gap in risk protection awareness and advisor engagement.

Phishing Scam Targets Consumers with False Unclaimed Life Insurance Claims

A phishing scam falsely claiming unclaimed life insurance policies is targeting consumers, warns the Better Business Bureau. Learn how to recognize and avoid these fraudulent insurance offers.