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Happy New Year! and industry news from LIC [The LICConnect Version of the Bullet Enews]

  • 1.  Happy New Year! and industry news from LIC [The LICConnect Version of the Bullet Enews]

    Posted 12-29-2022 16:51
    News and events round-up from the Life Insurers Council
    December 29, 2022


    Happy New Year!

    We at LIC, as well as all of LIMRA and LOMA, wish you and yours a very Happy New Year!

    We are thankful to YOU-our readers, members, sponsors, colleagues, and friends-for your interest and participation, and we look forward to connecting with you again in 2023.

    Plans are under way for a full year of LIC networking. You can see who's signed up already for the February LIC Annual Conference and CEO Forum, and mark your calendars for many more upcoming events on the LIC 2023 Schedule.

    "I can do things you cannot, you can do things I cannot; together we can do great things." – Mother Teresa

    Let's enjoy great things in the new year!


    Congratulations to Zinnia!

    Zinnia was named among Fintech Global's 2022 InsurTech 100, an annual list of 100 of the world's most innovative InsurTech companies, as selected by a panel of industry experts and analysts.

    READ THE ARTICLE


    Foresters Financial Expands Accidental Death Term Insurance to Six More States

    Foresters Financial has announced the US expansion of its Prepared II Accidental Death Term Insurance, focused on the needs of underserved everyday families. It represents a new take on Foresters' previous Accidental Death Term Insurance product, with more coverage and a simple application and decisioning process. Now it is also available in six more states including Arkansas, California, North Dakota, New Jersey, New Mexico and Oregon.   

    READ THE PRESS RELEASE


    LexisNexis Risk Solutions Report Reveals Surge in Fraud

    LexisNexis Risk Solutions released the results of its first Global State of Fraud and Identity Report, exploring research and insights from industry experts on recent statistics and trends from our industry-recognized studies on the Global True Cost of Fraud and transaction data from over 39B transactions from the LexisNexis® Digital Identity Network® from January 2022 to June 2022.

    READ THE PRESS RELEASE
    DOWNLOAD THE REPORT


    Boston Mutual Appoints Eric Terwilliger to VP of HR

    Boston Mutual Life Insurance Company, a national provider of insurance solutions for individuals and at the workplace, announced the appointment of Eric Terwilliger to its Executive Leadership team as Vice President of Human Resources - Employee Experience and Engagement. 

    READ THE ARTICLE


    Stellar National Holdings Launches New Life Insurance Company

    Stellar National Holdings, LLC announced the acquisition and rebranding of American Labor Life Insurance Company to Stellar National Life Insurance Company. Stellar National Life is being launched with a focus on becoming a fully digital issuer of annuities and a partner of choice for the U.S. independent annuity sales channel.    

    READ THE PRESS RELEASE


    Royal Neighbors Announces New President and CEO​​​​

    Royal Neighbors of America, a fraternal benefit society located in Rock Island, IL, has announced the appointment of Zarifa Reynolds as its next President and CEO, beginning January 9, 2023.

    READ THE PRESS RELEASE


    Prosperity Issues Response to AEL

    On December 21, 2022, Prosperity Group Holdings LLC, issued a press release in response to one the previous day from American Equity Investment Life Holding Company. Prosperity affirmed its continued interest in acquiring AEL despite rejection of offers made December 8 and 19.

    READ THE PRESS RELEASE


    LIC Offers New Bundled Registration Discounts for Member Insurance Companies

    In a new program launched this week, LIC is offering discounts of 10% for one and 25% for two registrations paid in February for LIC meetings from late February through December.

    LIC members that belong to the American Fraternal Alliance also receive AFA-sponsored discounts in fraternal bundle pricing.)

    The deadline for submitting the form is February 15. The total for the selected meetings will be invoiced upon receipt.

    MORE INFORMATION


    Upcoming LIC Events

    LIC's calendar of events for 2023 is posted here. Here's what's coming soon: 

    LIC Winter CEO Forum (Reserved for insurance company CEOs/Presidents)
    Wyndham Grand at Harbourside Place, Jupiter, FL
    January 31-February 1, 2023

    LIC2023 Annual Conference 
    Wyndham Grand at Harbourside Place, Jupiter, FL
    February 1-3, 2023

    LIC Project Management Committee Conference Call
    Thursday, February 23, 2023, 2-3:30 p.m. Eastern

    LIC Operations Committee Conference Call
    Wednesday, March 15, 2023, 2-3:30 p.m. Eastern
    ​​​​​

    LIC EVENTS PAGE


    LIC 2022 Premier Sponsors

    Many thanks to the following companies! As LIC Premier Sponsors, they provided 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
     

    SEE ALL LIC SPONSORSHIP OPPORTUNITIES


    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.
     


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    Audrey Wittenburg ALMI, ACS
    Associate Director
    LIC
    Silver Spring MD
    (703) 975-5626
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