Annuity sales rise
Rising interest rates, steep yield curve drive fixed annuity sales growth.
Justin Stephani
Early Market Share Leaders in the Public Health Exchanges
The strategies of insurers like UnitedHealth Group and WellPoint are under the microscope as data from four of the five largest U.S. states is collected by SNL Financial Group.
Annuity sales increase by nearly 10%
Year-over-year, however, that sales number is down 1.4% from $55.3 billion in the second quarter of 2012.
Where are the uninsured likely to seek health information?
Ahead of Jan. 1, 2014, when all Americans will be required to have health insurance, insurers should be focusing on making their web presence as user-friendly and informative as possible.
Millennial workers eager to increase retirement readiness
A recent survey suggests that millennials are highly motivated to make retirement saving a priority, but they find DC plans overwhelming and complex.
Executives agree, embrace big data or be replaced
A new survey of mostly insurance and IT executives also finds the C-suite looking for business cases to justify big data expenditures.
States ranked by health insured rates
More than a quarter (26.3%) of Texans do not own health insurance, giving Texas the lowest rate of health insureds in the nation, according to 2010 data released last week by the U.S. Census Bureau; Massachusetts, Hawaii and the District of Columbia represented the states with the highest rates of health insureds, respectively.
Insurance calculators fare poorly
Online life insurance calculators fare poorly in consumer report.
Liberty Mutual, USAA lead latest social media assessment
Of the 14 life insurance firms monitored by Corporate Insight, Liberty Mutual and USAA were cited as having the strongest social media performances and were awarded top grades.
Insurers early adopters of social media
Insurance is labeled an early adopter of social media in a new report from the International Data Corporation (IDC), titled 2012 U.S. Social Media Trends by Vertical. The banking industry was cited as being a late adopter.
Young adults receiving more health coverage in 2012
While insurers have a couple more years to prepare for the individual mandate and health exchanges, according to a new Gallup poll, effects of the Patient Protection and Affordable Care Act on 18- to-25-year-olds can already be seen.
Life insurance calculators seen as confusing
Life insurance coverage calculators earned low marks in a recent analysis by the Customer Respect Group, which suggests that more can be done to help consumers determine adequate coverage levels.
New Jersey Hospital Association Launches PPACA Penalty Forecaster
To help employers forecast potential penalties resulting from the Patient Protection and Affordable Care Act as well as make proactive changes to their benefits lineup prior to 2014, the New Jersey Hospital Association has launched the Reform Insurance Penalty Estimator.
Retirement planning revisited
Over the last 20 years, the percentages of households that will not be ready for retirement at age 65 has nearly doubled to 50%, according to recent data from the National Retirement Risk Index.
46 insurers included in 2012 Fortune 500 list
While the number of overall insurers included in the Fortune 500 diminished slightly yet againfrom 49 in 2010 to 47 last year to 46 this yearNationwide provided insurers with one more top-100 slot by moving up 27 spots.
Social media could close insurance gap
In a new report titled Opportunities in Reaching the Middle Market with Life Insurance: New Pathways to Growth, Conning estimates the middle- market life insurance protection gap to be $10.2 trillion – a 56% increase when compared to the firm's last study of the middle market in 2006. The total protection gap across all income brackets has more than doubled.
Life insurance protection gap soars
In a new report, titled Opportunities in Reaching the Middle Market with Life Insurance, Conning estimates the middle market life insurance protection gap to be $10.2 trillion a 56% increase when compared to the firms last study of the middle market in 2006. The total protection gap across all income brackets has more than doubled.
Breaking down the unattainable life consumer
Last year, staggering numbers revealed a massive life insurance sales gap. In a new report, called The Elusive Life Insurance Purchaser, Aite Group attempts to demystify the life industrys enigmatic consumers.
Global insurers ranked
Spurred by its $16.2 billion acquisition of American Life Insurance Co., MetLife Inc. moved into the top five while American International Group Inc. slid from third to fifth in A.M. Bests rankings of the top 25 global insurers based on nonbanking assets.
5 issues life, annuity insurers should focus on for 2012
In 2012, the U.S. life and annuity insurance industry will be challenged to find ways to manage both capital and risk in an economically and politically uncertain year, while continuing to lay the groundwork for future growth, according to Ernst & Young's new Global Insurance Center U.S. Outlook report.