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Thursday, April 17th, 2014

Pan American Life Insurance Appoints Alex S. Rizo For New Insurance Offerings

Appointing the new Vice President as Alex S. Rizo, Pan American Insurance wishes to grow new insurance offerings in its kitty.

Wednesday, April 9th, 2014

New Enhanced Version of Accenture Life Insurance Platform Launched

Armed with new capabilities that will ensure that Life Insurance service providers are able to reduce costs, the new Accenture Life Insurance platform Software suite also comes with a number of additional features and enhancements that were absent in the previous version.

Thursday, February 27th, 2014

Direct-to-Consumer Insurance Marketing Inspired by Sochi Winter Olympics

Learning insurance from the Olympics? Well, that may sound queer. But the 2014 Sochi Winter Olympics does hold a lesson on the importance of consumers being embraced by insurance advisors.

Tuesday, February 11th, 2014

James Boyle Appointed New CEO of Genworth’s LTC Insurance Division

Genworth Financial Inc., recently announced, James Boyle as the new CEO to lead its life insurance unit in the U.S. This development is a result of former CEO Tom McInerney’s aspiration for improving GNW’s performance as the largest provider of long-term care coverage in the U.S.

Monday, January 20th, 2014

Carriers Shift Focus On Simpler Products For 2014

According to the latest views of financial advisers, annuity and life carriers are now all for developing simpler products targeted towards the consumers. Besides, they are also going to bring new products to the market for wooing Gen X, one of the most underutilized markets until date. According to a recently published report, through this strategy, the insurance industry wants to induce an overall market growth tapping new frontiers and opening up different channels for making profits. This is in a move to infuse new black into the life carriers market showing dampened growth presently owing to low rates of interest.

Tuesday, January 14th, 2014

FINRA Outlines Its Regulatory Priorities For 2014

Financial Industry Regulatory Authority (FINRA) has sent its annual investor letters that outlines the 2014 examination and regulatory priorities of this agency. Rising rates of interest coupled with increasing alternative investment vehicle popularity has forced the agency to look into the feasibility of bonds related to long duration available from advisers and retail brokers. Given increase in complex product, recommendations related to investors in retail industry the focus should be on disclosure of material risks for investors as well as the procedures and policies surrounding the disclosures.

Thursday, December 12th, 2013

Allstate ING US Alliance On Fixed Annuities

After quitting the annuities and life business sometime back, Allstate recently jumped back on the retirement product bandwagon with a strategic alliance in tow. The company will collaborate with ING US come January to offer the latter’s fixed annuity suite. This includes ING’s Lifetime Income, Immediate Single Premium Annuity, and Secure Index. By the end of this year, Allstate wants to cease its sales of income and growth protector, RightFit, and IncomeReady annuities.

Monday, July 15th, 2013

Piling Up U.S. Insurance Benefits Alarm Financial Services Department

Financial services department in the U.S. has recently dug up unpaid life insurance amounts close to $1.5 billion. This is a staggering amount of money denied to consumers nationwide. State officials from New York have compiled their findings in a report after conducting an exhaustive probe into the payment practices of insurance companies.

Saturday, March 23rd, 2013

Stocks of Life Insurance Finished with a Big Hit in the Market, Following a Better-than-Expected U.S Jobs Report Last Week

Stocks of U.S. life insurance companies successfully witnessed a big week in the market, with a last week rally following the U.S job reports that was much “better than expected.” Further, it also affirmed the investors’ belief of the American economy making a steady comeback.

Thursday, February 21st, 2013

Financial Industry Regulatory Authority Ordered Deutsche Bank Securities to Pay $934,000

An arbitration panel at Financial Industry Regulatory Authority (FINRA) today announced that it has ordered Deutsche Bank Securities and one of its former advisors to pay $934K to two investors and their trusts. As reported by the regulatory agency, Karl Hahn, former advisor of Deutsche Bank, has cheated two investors in a multimillion dollar life insurance plan earlier last year.

OTHER LATEST LIFE INSURANCE NEWS

January 15th, 2015

Key Trends of Life Insurance to Expect Between 2015-2018

It’s a new year, and a new beginning as people say goodbye to 2014. We hope it was a prosperous and sound year for all.

January 12th, 2015

China’s Forsun International Moves into the US Life Insurance Market

Moreover, Robert S. Cubbin, the CEO and President of Meadowbrook reportedly said that the company’s partnership with Forsun adds more strength to its capital base. In addition, the pact will enable the US-based firm insurance company to improve its services and increase profits.

December 19th, 2014

Life Insurance Investable Assets in Asia to Experience Visible Progress in 2015

According to the global analysis reports by Cerulli Associates Asia Pte Ltd., there will be a remarkable growth in the assets of the life insurers in the largest markets of Asia. It has been reported that their investable assets will grow about 15% in the year 2015 and will hit 2.4 trillion USD.

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