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Upcoming meetings and news round-up from the Life Insurers Council - July 12, 2021
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Columbian Announces Strategic Transaction with Constellation
Columbian Mutual Life Insurance Company announced June 30, 2021, that its Board of Directors has unanimously approved a strategic transaction with Constellation Insurance Holdings, Inc. This includes the conversion of Columbian to a stock company and the issuance of all of its newly issued stock to Constellation pursuant to a sponsored demutualization. Constellation, an insurance holding company, is backed by Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan Board, two of North America's largest and premier long-term institutional investors.
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Digital Transformation Webinar Available On Demand
On June 30, 2021, Management Research Services sponsored an LIC Webinar on "Digital Transformation from Start To Finish," featuring their own transformation experience as well as two of their clients, American Enterprise Group and ELCO Mutual Life & Annuity.
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Annuity Sales Shift Toward Index-Linked Products
Retirement Income Journal's Kerry Pechter interviewed Sheryl Moore about Wink Inc.'s first-quarter 2021 Annuity Sales Report. A shift toward index-linked products and other highlights from the report are discussed.
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NCSF Taps Breathe Life to Transform Member Experience
Breathe Life, the leading provider of hybrid life insurance distribution solutions, announced it has entered into an agreement with the National Catholic Society of Foresters to deliver a modern purchasing experience for NCSF insurance products.
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New Tool Helps Leaders Working with a Virtual Workforce
LL Global, Inc., the parent company of LIMRA, LOMA, and Secure Retirement Institute®, announced the release of RemotePRO Leader, the second offering from its "Remote PROductivity" toolkit. The new tool measures the competencies needed to be successful in managing a remote workforce.
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The American College Announces "Wealth, Managed" Podcast Season 3
June 25, 2021, marked the launch of Season 3 of "Wealth, Managed with Michael Finke and David Blanchett," a podcast from The American College of Financial Services featuring two of the biggest names in its Wealth Management Certified Professional® program and in the industry today. Season 3 tackles benefits and drawbacks of cryptocurrency, how trends in longevity might make retirees rethink how they claim Social Security, managing a proper distribution of investment outcomes, and more.
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ELCO Earns AM Best Rating Increase
ELCO Mutual Life & Annuity announced June 23, 2021, that AM Best has upgraded its financial strength rating from a B to B+. Despite last year's pandemic challenges, ELCO expanded its portfolio, enhanced technology, and grew its staff.
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12 Questions To Ask Prospective PAS Vendors
Every PAS vendor makes the same claims about their solutions, and it can be hard to distinguish fact from fiction. For fraternals and smaller insurers working within resource constraints, the risks of making a long-lasting modernization mistake are especially pronounced. Equisoft has published an e-book with 12 questions to ask during the vendor selection process to help in determining their ability to meet your specific needs.
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Foresters Makes It Easier for Americans Living with Type 2 Diabetes to Access Non-Medical Life Insurance
Foresters Financial announced that Strong Foundation, Foresters' industry-leading non-medical term life insurance designed to meet a range of client needs, is now available for even more people with type 2 diabetes.
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AmeriLife Partners with Maximum Senior Benefits to Expand Final Expense Offerings
AmeriLife Group, a national leader in developing, marketing, and distributing annuity, life, and health insurance solutions, has acquired Maximum Senior Benefits, a retail insurance marketing organization that distributes final expense insurance.
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Equisoft Continues Global Expansion
Announces U.K. acquisition of investment and pension management solutions provider Altus
Equisoft, a leading global digital solutions provider to the financial industry, announced the acquisition of U.K.-based financial services firm Altus. Located in Bath, England, Altus' suite of products and deep market penetration adds to Equisoft's product portfolio and expands its presence within the financial services space with a transaction platform for pension administrators and asset managers. The deal adds a first European location to Equisoft business operations.
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Clearview Appoints Popazzi and Singleton as Consulting Partners
Clearview Partners LLC announced the appointments of Robert Popazzi as a Principal and Managing Partner, and Mark Singleton as Enterprise Strategy Consultant. Popazzi previously held key head office assignments with Sun Life. Singleton most recently served as Head of Industry Solutions and CFO for LL Global, the parent company for LIMRA, LOMA, and the Secure Retirement Institute.
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Final Expense Insurance Popular With Black Consumers: Survey
A July 7, 2021, article in ThinkAdvisor provided highlights of a new release of data from the 2021 Insurance Barometer survey by LIMRA and Life Happens. Data showed strong interest among black American consumers in burial insurance and other forms of final expense insurance.
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Upcoming LIC Events
LIC Marketing Committee Meeting (Virtual)
Wednesday, July 21, 2021, 10am-3pm EDT
LIC Home Service Committee Meeting (Virtual)
Wednesday, August 11, 2021, 10am-3pm EDT
LIC Summer CEO Forum (Virtual/Possible Hybrid)
Hosted by American Savings Life Insurance Company
Tuesday, August 31, 2021, 10am-3pm EDT
LIC HR Committee Meeting (Virtual/Possible Hybrid)
Hosted by SILAC
Wednesday, September 15, 2021, 10am-3pm EDT
LIC Annuity Committee Conference Call
Wednesday, September 22, 2021, 2-3:30pm EDT
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LIC Premier Sponsors
LIC's Premier Sponsors provide support to all LIC events throughout 2021.
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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
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Management Research Services
MRS provides a high-end technology product to life, health, and annuity insurance industries. MRS has invested heavily in our technology platform to create a foundation for the next revolution in life insurance. MRS's No-Code platform gives you all the tools needed to build a highly secure, complex application that efficiently collects voice and electronic data without writing a single line of code. The result is a vastly reduced time to market with no initial or ongoing maintenance costs making the total cost of ownership substantially lower than status quo solutions. managementresearchservices.com
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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
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thinktum inc
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
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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
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Equisoft
Over 25 years' experience helping small and mid-sized life insurers & Fraternals solve their biggest challenges.
Overcoming legacy system drag on business growth: Modern policy admin system that eliminates the legacy platform challenges slowing product innovation.
Meeting today's heightened customer expectations:
Creating superior digital experiences with state-of-the-art front-end tools.
Quickly adapting to any type of market disruption: Helping insurers surpass their business objectives, even in the face of constantly changing market conditions.
See how we can help your team at: equisoft.com. |
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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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