|
|
|
|
Fraternals with Greatest 2021 Sales Gains Named
Life Annuity Specialist recently published its list of fastest growing fraternal insurers, including 10 with premium gains of over 40% in 2021. Topping the list was Polish Roman Catholic Union with 327% growth, BetterLife 123%, and First Catholic Slovak Union 98%.
|
Boston Mutual Opens Omaha Office
Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, announced today the opening of its dedicated corporate office space for employees in Omaha, Nebraska. As a national life insurance carrier with its main office in Canton, Massachusetts, the new space will support the organization's growth and provide a dedicated non-sales office for employees in the Midwest for the first time in the organization's 130-year history.
|
LexisNexis Launches Resource for Final Expense
LexisNexis offers Integrated Solutions for Final Expense Insurance at a newly launched website. The suite of solutions is designed to address the increased fraud risk, data accuracy issues, and high lapse rates in the final expense market.
|
Study Backs Value of Driving Behavior 360 over MVR
A February 2022 white paper describes a Hannover Re collaborative study of
LexisNexis Driving Behavior 360, concluding that its standardized, comprehensive reports provides more value in life underwriting than standard motor vehicle records.
|
Everest Featured on Lifetime TV
Lifetime Television's morning show, The Balancing Act, featured Everest Funeral Concierge in a segment on "The Importance of Properly Arranging Your End-of-Life Affairs."
|
Webinar Series Promotes Professional Development Opportunities
This summer LOMA launched the Advance Your Knowledge (AYK) webinar series to provide information on relevant industry topics and LOMA's professional development programs. Learn about LOMA's courses and designation programs in these 30-minute webinars. The next one is "Gear Up for National Learning & Development Month," August 25, 2022, 11 am ET.
|
AmeriLife & AHL Team Up on Medicare Supplement & Final Expense Combo
AmeriLife Group, a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced the launch of a ground-breaking, Medicare Supplement/final expense combination solution developed in partnership with The American Home Life Insurance Company.
|
June 29 Webinar To Discuss Bridging the Executive/Employee Hybrid Work Gap
LOMA and LIMRA are offering a webinar June 29 at 1 PM EDT on Bridging the Executive/Employee Hybrid Work Gap. Presenter Meryl Rosenthal of FlexPaths will explore the very real chasm that exists and practical strategies to help keep executives aligned, on message, and solving for the future talent, market competitiveness, and future growth of their organizations. The webinar is available only to members of LOMA and LIMRA.
|
Accelerate Series New Features Available
The latest episodes in Equisoft's Life Accelerated podcast series feature Principal CIO Kim Pfiffner on "How a Strong IT Relationship Can Revolutionize Your Business" and Northwestern Mutual's Chief Customer Officer Christian Mitchell on how they built their latest product to be high-tech yet accessible to both their advisors and customers.
Equisoft's June 15 Accelerate Series Webcast "Eliminating the Insurance CX Gap" is available for viewing. Find out how to optimize customer experience and client engagement in every step of the policy lifecycle. See what issues carriers identified as the biggest CX challenges, which technologies give the biggest engagement boost and what strategies you can implement to ensure you surpass your clients' digital expectations.
|
Trilogy Conducting Annual Final Expense Mortality Study
Trilogy Actuarial Solutions put together a Final Expense mortality study last year and is seeking carriers to participate in the study this year. The 2021 executive summary is available; study results gave a first look at the impact the COVID-19 pandemic had on mortality and lapse.
|
Vantis Life Announces Distribution Agreement with Everdays
Vantis Life Insurance Company has announced a strategic marketing agreement with Everdays, an insurtech firm providing retirement, health and end-of-life planning solutions focused on seniors that are entering or planning for retirement. As part of the agreement, Everdays will market Vantis Life insurance products through its online digital planning platform. Vantis will provide accelerated digital approval, life insurance product underwriting, policy issue and support through Everdays' easy-to-use digital planning platform.
|
Boston Mutual Announces New Strategic Business Center
Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, announced the introduction of its new Customer Experience, Innovation, Projects & Technology (CxIPT) Strategic Business Center, led by Jennifer Helms, Executive Vice President. In this new SBC, both technology and customer service areas will be overseen by the same executive and leadership team, further supporting a stronger alignment of their functionalities and strategic efforts.
|
Fortitude Re Acquires Rx Life
Fortitude Re bought Rx Life Insurance Company from Heritage Life earlier this year. Fortitude U.S. Reinsurance Company, its new name, is an Arizona domiciled life and annuity insurer widely licensed in the U.S. This acquisition will enable Fortitude Re to offer clients a U.S. domiciled reinsurance option.
|
Pacific Life To Enter Workforce Benefits Market
Pacific Life announced on May 19, 2022, its intent to enter the workforce benefits marketplace. Leading the company's efforts in this area will be Senior Vice President and Head of Workforce Benefits, Erich Sternberg, previously with Kemper Corporation and Starmount Life Insurance Company.
|
Gleaner Life CEO Kevin Marti Retires; Margaret Noe Named Interim CEO
After 10 years leading Gleaner Life, president and CEO Kevin Marti retired from his position on April 27, 2022. Board member and retired Lenawee County Circuit Judge Margaret M.S. Noe was named interim president and CEO while a nationwide search is conducted for the Society's 10th president, a news release said.
|
Upcoming LIC Events
LIC's calendar of events for 2022 is posted here. Coming up:
LIC Marketing & Home Service Committee Meeting (Hybrid)
Hosted by Kemper Home Services Division, St. Louis, MO
July 19-21, 2022
LIC CEO Forum
Hosted by Optimum Life Re, Montreal
August 29-31, 2022
|
LIC 2022 Premier Sponsors
LIC's Premier Sponsors provide support to all LIC events throughout 2022.
Parkway Advisors
Parkway Advisors is focused on being the best most respected provider of service in the insurance industry. Parkway offers asset management, consulting, and statutory investment reporting services that are customizes to the needs of each insurance client. Through Parkway's emphasis on personal service, custom solutions, and strong communication, our clients have enjoyed historically strong performance success, especially during the financial crisis and the low interest environment that has followed. www.parkwayadvisors.com
iPipeline
iPipeline is a leading provider of low code, cloud-based software solutions for the life insurance and financial services industry. Through our SSG Digital, end-to-end platform, we provide process automation and seamless integration between every participant in our ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers on a global basis. Our innovative solutions include pre-sales support, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, user-driven configuration, consumer delivery and self-service, and agency and firm management. www.ipipeline.com
Trilogy Actuarial Solutions
Let Us Be Your In-House Actuaries. We are a trio of actuaries with a combined 45 years of experience providing exceptional service to insurance companies, fraternal benefit societies, and marketing organizations. We can support your existing actuarial staff or serve as your entire in-house actuarial department. We understand the value of a dedicated in-house team and we will endeavor to replicate this experience for you. Our goal is to seamlessly integrate into your organization and culture. www.trilogyactuarial.com
thinktum
thinktum is a technology company with a strong commitment to innovation, leadership and a responsibility to give back to the communities in which we serve. thinktum's dimmpl platform offers modular InsurTech systems that support true end to end functionality via multiple distribution models. Whether it be face-to-face or non-face-to-face, affiliate or direct-to-consumer, dimmpl supports you from early prospecting straight through to policy delivery. www.thinktum.com
Equisoft
Equisoft is a business-first technology company dedicated to helping insurance and wealth management organizations reach their goals. Specialized expertise: Over 25 years of experience helping small and mid-sized life insurers & fraternals solve their biggest challenges through digital transformation. www.equisoft.com
|
About The LIC Bullet
The Bullet is the official e-newsletter of the Life Insurers Council, which has been providing networking and practical business solutions for life insurers since 1910. As a council of LOMA, LIC serves the unique needs of small-to-midsize member companies, offering a personal network of peers with practical solutions to shared challenges. The Bullet delivers immediate and relevant industry news and editorial.
LIC E-News Online Community: As a networking organization, we welcome dialogue and input from our readers – therefore we are transitioning the Bullet to its new home in the LIC E-News online community at LICConnect. All Bullet subscribers have access to this forum, and others can request access by contacting lic@loma.org.
|
|
|
|
|
|
|