Tag: Market Growth

PertaLife Insurance Boosts Capital to Expand Coverage and Digitize Offerings

PertaLife Insurance is increasing its capital by 65% to $61 million to expand coverage of Pertamina Group workers and enhance digital product offerings, driving significant growth in Indonesia's insurance sector.

Progressive Plans 18% Workforce Growth in 2025 to Support Expansion

A major U.S. insurer is set to increase its workforce by 12,000 roles in 2025, reflecting strategic growth and enhanced operational capacity in the insurance sector.

Pension Risk Transfer Market Grows to $51.8 Billion in 2024

The U.S. pension risk transfer market reached $51.8 billion in sales in 2024, with growth driven by increased plan sponsor awareness and significant corporate transactions.

Annuity Sales Surge 29% in Q3 2024, Setting New Records

Record-setting annuity sales in the U.S. reached $114.6 billion in Q3 2024, bolstered by strong market conditions and consumer demand for financial solutions.