Imagine!
Five Reasons You Need to Attend the LIC Annual Conference
By Dean Lambert, Executive Director, LIC
Ok, get your calendar out and block off February 7 through 9. Yes, flip to next year and start it off with an experience that will provide a running start to achieving your goals! The LIC Annual Conference is our signature event, our theme for 2024 is "IMAGINE!" and here are five reasons you must join us:
1. Forward-thinking content
Keynote speaker Dave Crenshaw, author of The Myth of Multitasking, who will help company leaders find focus in a world of chaos. Imagine the positive change in your organization if you and your teams gained the control needed to improve work quality while feeling more balanced in both life and career!
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Industry News
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Oct. 23: Important Date for Preneed Executives
Preneed insurers take note! The hotel and earlybird deadlines are both October 23 for the 2023 LIC Preneed Forum. Hosted by National Guardian Life in Madison November 15-16, the conference welcomes registrations after that date, but hotel rooms are expected to sell out early. See who's already signed up.
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Fed Sees Drop in Cash-Value Life Ownership
ThinkAdvisor recently reported on the Federal Reserve Board's 2022 Survey of Consumer Finances Report, noting a drop in the percentage of U.S. households with cash-value life insurance.
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U.S. Mortality Remains High
ThinkAdvisor's Allison Bell reported on analysis of CDC death data indicating that U.S. deaths in the third quarter of 2023 appear over 10% higher than 2019.
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LIMRA Expands Custom and Consortia Research Program
To meet increasingly unique member needs, LIMRA is expanding its custom and consortia research program. LIMRA's Applied Research Solutions will leverage the association's broader industry benchmarking and topical research while helping clients develop a deeper understanding of issues impacting product, marketing, and distribution strategies.
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Navy Mutual Selects Sureify to Transform its Electronic Application Experience
Navy Mutual Aid Association recently selected insurtech leader Sureify to shepherd the transformation of its electronic application experience. Through the partnership and technology implementation, the two companies have enhanced and streamlined Navy Mutual's application process across the company's agent and direct-to-consumer channels.
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Women Less Likely Than Men To Own Life Insurance
Women make up a significant market opportunity for the life insurance industry. According to the 2023 Insurance Barometer Study, 44% of women believe they need (or need more) life insurance, which represents 54 million women. In general, women are less likely than men to own life insurance. Study data show women's top financial concerns and attributes they look for in a financial professional.
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How You Can Future-Proof Your Business for Sustainable, Long-Term Growth
In McKinsey Global Publishing's Author Talks series, Lucy Parker, coauthor of The Activist Leader: A New Mindset for Doing Business, "outlines a path for business leaders to achieve long-term gains while addressing the most critical challenges of our time."
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Accelerated Underwriting Analysis Shows Increased Outreach to Black, Hispanic Applicants
A recent Insurance NewsNet article covered LexisNexis Risk Solutions' analysis of mortality trends presented during the 2023 Society for Insurance Research's Annual Conference. Medical and nonmedical data on 50 million applicants were combined to develop risk models designed to help reach the middle market.
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Thinktum Acquires Illustrate Inc
Thinktum Inc. of Waterloo, Ontario has acquired Illustrate Inc. of Overland Park, Kansas & Toronto, Ontario to jointly become the no-code leader in the insurtech and life insurance industry, building back-office solutions for insurance companies looking for state of the art technology that saves time and money and eliminates errors.
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SOA Publishes Perceptions of Younger Generations on Risk and Insurance
In a recent study published by the Society of Actuaries, consumers in Millennial and GenZ age groups were surveyed to explore how these generations understand, investigate, and purchase insurance.
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Upcoming LIC Events
LIC Annuity Committee Conference Call
November 2, 2023, 2-3:30 pm ET
LIC Preneed Forum
Hosted by National Guardian Life, Madison, WI
November 15-16, 2023
LIC ERM Committee Conference Call
November 30, 2023, 2-3:30 pm ET
LIC Supplemental Products Committee Virtual Meeting
December 7, 2023, 2-4 pm ET
LIC Winter CEO Forum
Reserved for Insurance Company CEOs & Presidents
The Westgate Hotel, San Diego
February 6-7, 2023
LIC Annual Conference
The Westgate Hotel, San Diego
February 7-9, 2024
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LIC 2023 Premier Sponsors
Many thanks to the following companies! As LIC Premier Sponsors, they support all LIC events throughout 2023.
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
QLAdmin Solutions
QLAdmin Solutions is a leading technology partner for the small to mid-sized insurance company offering traditional life, health, annuity, preneed, final expense, and Medicare Supplement products. QLAdmin serves the entire policy lifecycle from new issue to termination with expert policy administration processing that is both comprehensive and easy to use. QLAdmin continues to evolve based on product and client needs ensuring extreme client longevity and satisfaction with QLAdmin products and support. QLAdmin is your proven partner in policy administration. www.qladmin.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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Feature Article (Full Text)
Imagine!
Five Reasons You Need to Attend the LIC Annual Conference
By Dean Lambert, Executive Director, LIC
Ok, get your calendar out and block off February 7 through 9. Yes, flip to next year and start it off with an experience that will provide a running start to achieving your goals! The LIC Annual Conference is our signature event, our theme for 2024 is "IMAGINE!" and here are five reasons you must join us:
1. Forward-thinking content
Keynote speaker Dave Crenshaw, author of The Myth of Multitasking, who will help company leaders find focus in a world of chaos. Imagine the positive change in your organization if you and your teams gained the control they need to improve the quality of their work and feeling more balanced in their lives and careers!
2. Forward-looking content
Keynote speaker Kenneth Gronbach is a demographer, futurist and author who will provide important data you need for "new reality planning." Ken is internationally recognized for helping business leaders understand how America's Baby Boomers, GenX, GenY and other countries' age curves intersect to create the opportunities and challenges of today. See Ken in action in this video. Come hear Ken Gronbach's insights and imagine what the future holds for people, profits and the planet.
3. Innovation and marketing insights
Consumer behavior and insights specialist Carlos Rojas (who WOWED at the 2023 LIC Marketing Conference) will help you imagine what your "2.0" might look like. Carlos' passion is understanding the new, and all the behaviors that come with it. This will be an interactive discussion, so get ready to be a part of something really exciting!
4. Network with your peers
Central to LIC's mission is providing opportunities for senior-level executives leading small- to medium-sized insurance companies and fraternals to exchange information and practical solutions to shared challenges. The LIC Annual Conference agenda includes lots of networking time that will yield business insights and lasting relationships. Imagine a future with an expanded view of your world through shared excellence!
5. San Diego in February
For many attendees, San Diego is a respite from the deep freeze. For anyone who visits this SoCal locale, it's a place with unlimited things to see and do. You'll stay at the Westgate Hotel, a French-inspired sanctuary on the edge of San Diego's Gaslamp District. During your stay, indulge in elegance, wellness, and award-winning dining experiences. Imagine yourself unwinding from a fulfilling day of networking, learning and camaraderie with your peers.
We expect well over 100 attendees at the 2024 LIC Annual Conference, so be sure to register early. (Insurance company CEOs - come a day early for the LIC Winter CEO Forum.) Will we see you in San Diego to kick off 2024 in the biggest way? Check out the 2024 LIC Annual Conference website!
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