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3 life, annuity digital strategies from Amazon, Netflix, Uber
30 May 2024 20:20 GMT
Over the past eight years, Sureify has partnered with life and annuity carriers and their distributors to build digital solutions that address three industry-wide technical challenges.
Access to data buried in legacy systems
Large centralized systems …
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Raghu Ramachandran joins ARM as Director of Life & Annuity
29 May 2024 09:00 GMT
Actuarial Risk Management Ltd. (ARM) has appointed Raghu Ramachandran as the Director of its Life & Annuity insurance consulting division, effective immediately.
As a seasoned investment expert, Ramachandran brings a distinguished career to ARM, …
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Rising rates boost US life/annuity insurers’ returns in 2023: AM Best
22 May 2024 16:00 GMT
A new AM Best report indicates that rising interest rates in 2023 increased the portfolio yields of US life/annuity insurers by nearly 30 basis points, from 4.47% to 4.74%.
The Best’s Special Report, “US Life/Annuity Investment Portfolio Yields …
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Best’s Special Report: US Life/Annuity Investment Portfolio Yields Rebound in 2023
20 May 2024 15:33 GMT
Rising interest rates in 2023 helped boost the portfolio yields of U.S. life/annuity insurers by nearly 30 basis points, to 4.74% from 4.47% in the previous year, according to a new AM Best report.
The Best’s Special Report, “US Life/Annuity …
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Lincoln Financial Network Gets New Individual Life & Annuities Head
16 May 2024 23:58 GMT
Lincoln Financial has picked Brian Kroll, a former company executive, to take over as head of retail life and annuity solutions.
Kroll succeeds Matt Grove, who will serve as a company advisor until Dec. 31, according to a new filing.
Ellen Cooper, Lincoln …
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New life & annuity reinsurer AeCe Isa established in Bermuda
15 May 2024 14:15 GMT
“This transaction illustrates how 26N Re’s strategic partnership with Agam continues to yield positive results as we scale our reinsurance business and diversify our platform,” Harris said. “Agam’s innovative, analytics-driven platform aligns with our …
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Third Point launches life & annuity reinsurer Malibu Life Re
02 May 2024 21:08 GMT
New York based alternative asset manager Third Point LLC has announced the launch of Malibu Life Reinsurance SPC (Malibu Life Re), a newly licensed life and annuity reinsurer based in the Cayman Islands.
Malibu Life Re is an independent, Class B(iii) …
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Best’s Special Report: Benefits and Reserves Outpace Revenue Growth, Dampening Earnings for Publicly Traded US Life/Annuity Insurers
17 Apr 2024 12:53 GMT
Total GAAP revenue of publicly traded U.S. life/annuity companies rose year over year by 2.3% in 2023 to $287.2 billion, aided by 20% growth in investment income. However, according to a new AM Best report, a higher level of benefits paid and reserve …
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Ibexis Life & Annuity Insurance Company Launches FIA Product Enhancements
08 Apr 2024 20:18 GMT
Ibexis Life & Annuity Insurance Company® (“Ibexis”) today announced multiple enhancements to its FIA Plus™ fixed indexed annuity series offered in the independent marketing organization (“IMO”) sales channel.
The FIA Plus™ is an accumulation focused …
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Best’s Special Report: U.S. Life/Annuity Industry Sees 5.7% Net Income Decline in 2023
08 Apr 2024 14:37 GMT
The U.S. life/annuity (L/A) industry posted a 5.7% decline in net income to $37.6 billion in 2023, which included $15.0 billion of net realized capital losses, according to AM Best. These preliminary results are detailed in a new Best’s Special …