The U.S. individual life insurance market marked its fourth consecutive year of record-high premium in 2024, with total new annualized premium reaching $15.9 billion — a 3% increase over the previous year, according to LIMRA’s newly released retail life insurance sales survey.
Tag: life insurance
Top Trends 2025: Life Insurance – Transforming Challenges into Sustainable Competitive Advantage
The life insurance industry is undergoing a sweeping transformation. As 2025 begins, new emerging trends promise to redefine how life insurers operate, innovate, and deliver value.
Life Insurance Drives Global Premium Growth Amid Higher Interest Rates
Global insurance premiums are on track to grow steadily, driven largely by life insurance, according to a Swiss Re Institute report published on November 19, 2024.
September is Life Insurance Awareness Month
As featured on The Balancing Act, our CEO Lisa Bickus highlighted how 1891 Financial Life provides not only life insurance but also supports communities and makes a meaningful difference.
Nine Life Insurance Trade Groups File Lawsuit to Block Department of Labor Fiduciary Rule
Nine life insurance trade groups filed a joint lawsuit against the U.S. Department of Labor to overturn its fiduciary rule, which they contend would reduce consumers’ access to retirement investment advice.
Senate Report Blasts High-End Life Insurance Plans as $40B ‘Tax Dodge’
Specialized life insurance plans offered only to the wealthiest Americans are a vehicle for dodging billions in taxes, a Senate report released Wednesday charged.
Zurich’s Sale of $20B Life Insurance Book to PE-backed Group Collapses
Insurance group Zurich’s sale of a $20 billion life insurance book to Viridium has collapsed, with the private equity-backed German consolidator citing “considerations relating to [its] current ownership structure” as regulatory scrutiny of such deals intensifies.
Private Equity’s Move Into Life Insurance, Annuity Assets Provokes Systemic-Risk Concerns
Financial authorities want to know more about whether surging private-equity investment in the insurance sector poses risks to the broader economy.
Private Equity and Investment Managers Continue to Enter Life/Annuity Market
Private equity-owned insurers increased their stake in the industry’s admitted assets in 2022 by more than 15% on a year-over-year basis, according to a new AM Best special report.
AIG Profit Beats Estimates on Gains in Life and Retirement Unit
American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry.