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Experts from Forrester, LIMRA, InsureTech Express, Microsoft, and more will be at Equisoft's Digital Acceleration Forum on September 20, 2022, 12-5 pm Pacific. Topics include:
- How to optimize customer experience and client engagement in every step of the policy lifecycle
- How both carriers and distributors view the distribution challenge
- How data can unite stakeholders and drive performance across the life industry
Virtual attendance is available. The event is part of the full InsureTech Connect conference in Las Vegas, September 20-22, 2022.
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LIC is Hiring
LIC is hiring! This is a tremendous opportunity for the right candidate to participate in the satisfaction of helping smaller companies improve their performance through shared excellence.
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New Insurance Company Offers D2C-Only Products
A September 14, 2022 article in Life Annuity Specialist profiled newcomer Pillar Life Insurance, which is selling two annuity products solely through its website, with more products to come.
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Edelsberg Leads Expansion of Bruce & Bruce Services
Bruce & Bruce actuarial consulting firm is expanding its consultancy to include strategic development, rating agency and financial strategies. The new line of business will be headed by Andrew Edelsberg, who joined Bruce & Bruce on September 1, 2022, and previously worked for Moody's, AM Best, and KBRA.
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ThinkAdvisor Interviews Boston Mutual's Joshua Police
In a September 13, 2022, ThinkAdvisor article, Joshua Police, Executive Vice President of Distribution and Business Development at Boston Mutual Life Insurance Company, provided his insights about middle-market consumers based on research projects he has been involved with. He believes "there will still be a significant role for those who help consumers purchase insurance."
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Gleaner Life Welcomes Anthony Clark as President and CEO
Anthony Clark, a 26-year insurance executive and a former Gleaner Life Insurance Society staff member, has returned as its 10th President and CEO. He began work on August 12, 2022, after being selected by the fraternal life insurance society's Board of Directors.
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Integrity and Heartland Partner to Transform Life, Health and Wealth Offerings for Seniors
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced September 7, 2022, that it has entered into an agreement to acquire Heartland Financial Group, an IMO based outside Kansas City, MO.
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SE2 Becomes Zinnia, Defining an Open Insurance Experience for Life and Annuities
On September 7, 2022, SE2, an Eldridge business and leading life and annuity insurance technology and services company, announced its evolution into Zinnia. Zinnia will deliver clients a modern Open Insurance experience and the tools to reimagine how life and annuities are bought, sold, serviced, and experienced. At the heart of Zinnia is a new system of record built on smart contracts and digital ledger technology that updates in real-time and will create a trusted "single source" of information that can be distributed securely and effectively across the entire insurance ecosystem.
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The LIC Preneed Forum November 16-17, 2022, will feature Communication Thought Leader Gregor Jeffrey. In his award-winning talk, he draws on proven neuroscience to show that there is an incredibly simple way to deliver the right information at exactly the right moment to engage each member of your audience every time you speak. The program also features industry experts, case studies and a unique opportunity to network and share ideas with other executives in preneed.
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CL Life Expands Marketing and Sales Team with New Director
CL Life and Annuity Insurance Company announced the appointment of Gary Sorensen as Director, Sales and Marketing. He will be responsible for spearheading CL Life's business development, relationship management and marketing operations.
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GoFundMe Helps LIC Member Obtain Life Changing Surgery for Daughter
Many LIC members know Heather Kiteley, President & CEO of member company Guaranteed Funeral Deposits of Canada, so we are happy to share the news that her daughter Sydney is on the road to recovery following surgery for a rare condition that causes debilitating chronic pain. Because the needed surgery, which took place in December 2021, was not covered by insurance, a GoFundMe campaign helped make it possible.
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BetterLife's Shinnick Featured in Video Promoting Life Insurance
Dan Shinnick, CEO and Board Chair of BetterLife Insurance, was featured in an August 29, 2022, Channel 3000 article and video discussing the importance of life insurance.
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iCover Raises $5 Million in Pre-Series A Funding
iCover, a Missouri-based Insurtech that provides an algorithmic underwriting and QUI™ based eApp Service for life insurance companies, raised $5 million in Pre-Series A funding.
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iPipeline Partners with iCover, Harnessing AI Underwriting to Optimize the Insurance Buying Experience
iPipeline announced today that it has entered into a strategic partnership with iCover, an InsurTech provider of algorithmic underwriting for streamlining the assessment, pricing, and delivery of life insurance. This strategic alliance harnesses the power of both platforms-with iCover helping to strengthen iPipeline's existing automated capabilities within its Resonant® solution-to create a faster life insurance sales cycle.
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NGL donates $100,000 for Center for Black Excellence
In August 2022 National Guardian Life Insurance Company announced a $100,000 gift to support The Center for Black Excellence and Culture, expected to open in 2024.
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Merit Life Strives to Make Annuities Simpler
In a Life Annuity Specialist Q&A published August 26, 2022, Merit Life CEO David Anderson was asked about the company's plans and how he thinks the contingent deferred annuity market will develop. Their focus is on "products easy to understand, innovative and easy for advisors to explain."
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Upcoming LIC Events
LIC's calendar of events for 2022 is posted here. Here's what's coming this fall:
LIC Operations Committee Meeting Hosted by Security National Life, Salt Lake City September 20-22, 2022
LIC Technology Committee Meeting Hosted by 1891 Financial Life, Schaumburg, IL October 3-5, 2022
LIC Human Resources Committee Meeting Hosted by Catholic Order of Foresters, Naperville, IL October 5-7, 2022
LIC Annuity Committee Meeting Hosted by AAM Insurance Investment Management, Chicago, IL October 18-20, 2022
LIC Investment & Capital Management Committee Meeting Hosted by Parkway Advisors, Abilene, TX October 26-27, 2022
LIC Laws & Legislation Committee Meeting Hosted by Locke Lord, Atlanta, GA November 2-3, 2022
LIC ERM Committee Conference Call November 10, 2022, 2-3:30 PM ET
LIC Preneed Forum Hosted by Homesteaders Life, Des Moines, IA Nov. 16-17, 2022
Save the Dates...
LIC Winter CEO Forum 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
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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
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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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