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Seasons Greetings and the latest industry news round-up [The LICConnect version of the Bullet Enews]

  • 1.  Seasons Greetings and the latest industry news round-up [The LICConnect version of the Bullet Enews]

    Posted 12-29-2021 15:24
    Edited by Audrey Wittenburg 12-29-2021 15:23
    News and events round-up from the Life Insurers Council
    December 22, 2021

    Happy Holidays from LIC! 


    LIC joins LIMRA, LOMA and LL Global in wishing you all the best this holiday season and a happy, healthy, and very successful 2022!  

    HOLIDAY VIDEO

    LIC Annual Conference Features Dan Gardner on Superforecasting

    Dan Gardner, coauthor of Superforecasting: The Art and Science of Prediction, will kick off LIC's 2022 Annual Conference, February 1-3 in Orlando. The Conference will also feature case studies on Growth, D2C, AI, and day 2 keynoter Dr. Jay Olshansky on implications of longevity. Sign-up is under way, and a sneak peek of earlybird registrants and sponsors is available here. CEO's are invited to network before the Conference at the CEO Forum, January 31-February 1.

    MORE LIC2022 INFO
    MORE CEO FORUM INFO


    Life Insurance Strategies Group Interviews Alan Jahde

    ​​​LIC Board Member, Alan Jahde of Investors Preferred was featured in an interview by Jay Judas on the Life Insurance Strategies Group website. Jahde will also be a panelist on Succeeding through Growth at the upcoming LIC Annual Conference.

    READ THE ARTICLE


    KBRA Acquired by Parthenon Capital Partners

    ​​​KBRA, a full-service global rating agency committed to innovation and integrity, announced it has entered a deal with leading growth-oriented private equity firm Parthenon Capital Partners who will acquire a majority stake in the company.

    READ THE PRESS RELEASE


    Investors Heritage Tops List of 10 Fastest-Growing Midsize Annuity Issuers 

    A December 13, 2021, article in Life Annuity Specialist named the 10 fastest growing midsize annuity issues in the third quarter of 2021. Investors Heritage took the lead with sales increasing from $3.29 million in Q3 last year to $147 million this year.

    READ THE ARTICLE (Subscription Required)


    Facial Analytics Software Estimates Longevity 

    Life Annuity Specialist's Aaron Smith describes trying out Lapetus Solutions' technology that can detect age and estimated longevity through a selfie. (​Lapetus cofounder and Chief Science Officer Dr. Jay Olshansky will be sharing research and insights at LIC2022.) 

    READ THE ARTICLE (Subscription Required)


    "Small Insurer: Avoiding Hard Annuity Math May Be Too Difficult" 

    A December 9, 2021, article in ThinkAdvisor featured comments from Waylon Peoples, Vice President, Life Actuarial, with Erie Family Life on challenges NAIC draft PBR rules could place on small fixed annuity issuers.

    READ THE ARTICLE


    Financial Services Marketing Veteran Kimberly Beck Joins iPipeline

    iPipeline announced October 14, 2021, that Kimberly Beck has joined the firm as Vice President of Marketing. Beck has nearly 25 years of experience in financial services marketing, and in her new role will focus on strengthening growth marketing capabilities while leading all aspects of marketing, including digital, product, customer engagement and corporate communications.

    READ THE PRESS RELEASE

     

    Catholic Financial Life Lists HQ Building for Sale

    It was reported December 8, 2021 in the Milwaukee Journal Sentinel that Catholic Financial Life is listing for sale its downtown Milwaukee apartment and office tower, in part because of evolving office space needs, as well as the opportunity of a strong real estate market. 

    READ THE ARTICLE

     

    Wink Names Grossman as New President

    Des Moines-based life insurance and annuity product data provider Wink Inc. has named Victoria Grossman as president, the firm announced. Sheryl Moore, who has been the CEO and president of Wink since founding the market intelligence company 16 years ago, will continue in her role as chairwoman and CEO, focusing on strategy and business development.

    READ THE ARTICLE


    Security Plan Launches Critical Illness Product

    Security Plan Life Insurance Company announced on December 1, 2021, the launch of its new Critical Illness Coverage product. The new product pays benefits directly to the policyholder who can decide to spend the money for anything from medical deductibles to everyday expenses such as rent, food or childcare.

    READ THE PRESS RELEASE


    Midwest Holding Announces Georgette Nicholas as President and CFO

    Georgette C. Nicholas was named President and Chief Financial Officer of Midwest Holding Inc. in September 2021. She previously held the position of CEO and Managing Director for Genworth Mortgage Insurance Australia.

    READ THE PRESS RELEASE


    MIC.com Reports from 2021 NFDA Convention

    Eleanor Cummins wrote about the National Funeral Directors Association's 2021 Convention and Expo, which drew 5,000 funeral service providers to Nashville in October 2021.

    READ THE ARTICLE


    Upcoming LIC Events

    LIC will be announcing a full calendar of events for 2022 soon. Here is what's coming up next. 

    LIC CEO Forum
    Reserved for insurance company Presidents/CEOs
    Orlando, January 31-February 1, 2022

    2022 LIC Annual Conference
    Orlando, February 1-3, 2022

    LIC EVENTS PAGE


    LIC Thanks Its 2021 Premier Sponsors

    LIC's Premier Sponsors provided support to all LIC events throughout 2021. In a year of virtual events, their expertise, participation, and financial support are greatly appreciated!

    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

    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

    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

    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

    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

    Equisoft
    Over 25 years' experience helping small and mid-sized life insurers & Fraternals solve their biggest challenges.
    Overcoming legacy system drag on business growthModern 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.

    SEE 2022 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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