Lemonade Goes Abroad to the UK

Lemonade Insurtech

Lemonade, an insurance company powered by artificial intelligence and social impact, has launched in the United Kingdom. Residents in the United Kingdom can now obtain Lemonade Contents insurance instantly, from anywhere, on any device, and file claims and receive payment in seconds. “We believe the millions of local renters will appreciate what Lemonade has to… Continue reading Lemonade Goes Abroad to the UK

Life Insurance New Annualized Premium Growth Continues in 2Q 2022: LIMRA

Private Placement Life Insurance (PPLI)

Total U.S. life insurance new annualized premium increased 6% in the second quarter 2022, the sixth consecutive quarter of premium growth, according to LIMRA’s Second Quarter 2022 U.S. Retail Life Insurance Sales Survey. In the first six months of 2022, new premium was 11% higher than the same period in 2021. “Strong indexed universal life… Continue reading Life Insurance New Annualized Premium Growth Continues in 2Q 2022: LIMRA

AIG’s Life and Retirement Unit Files for IPO

AIG sells travel insurance product to Zurich

SAFG Retirement Services Inc, the holding company of American International Group Inc’s life and retirement business, filed for an initial public offering in the United States on Monday. SAFG reported total revenue of $23.39 billion for the fiscal year ended Dec. 31, a 55 percent increase, in the filing. Adjusted after-tax operating income increased 14.5… Continue reading AIG’s Life and Retirement Unit Files for IPO

Insurer AIG Says BlackRock Will Manage Part of Life and Retirement Unit’s Assets

AIG sells travel insurance product to Zurich

Insurer American International Group Inc (AIG) said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and up to $90 billion of assets on behalf of its life and retirement business. BlackRock will manage certain liquid fixed income and private placement assets according to the deal, which comes… Continue reading Insurer AIG Says BlackRock Will Manage Part of Life and Retirement Unit’s Assets

Insurers Will Reward Safe, Healthy Drivers with Potentially Cheaper Life Insurance

Private Placement Life Insurance (PPLI)

You can get a car insurance discount if you allow Allstate Corp. to track your driving. You can get a life insurance discount if you let John Hancock monitor your diet and exercise. The two insurers are now collaborating on the theory that safe drivers live longer lives. The cost will be allowing insurers to… Continue reading Insurers Will Reward Safe, Healthy Drivers with Potentially Cheaper Life Insurance