Manulife Financial Corp.’s John Hancock unit will market life insurance to Americans with diabetes that includes a behavior-change program and virtual clinic, in an effort to boost sales by making life-insurance products more user-friendly. Those services, announced today, will be provided through Onduo, a joint venture under way since 2017 between Alphabet Inc. unit Verily… Continue reading Manulife, Alphabet Venture Launch Insurance Partnership for Diabetics
Tag: life insurance
Brooke Shields and Life Happens Drive Home the Importance of Life Insurance
Life Happens, a nonprofit dedicated to educating consumers about the importance of life insurance and other related products for sound financial planning, kicks off its 16th annual Life Insurance Awareness Month (LIAM) campaign with actress, model, designer, and mother Brooke Shields to help educate and remind Americans about the importance of life insurance. Through the… Continue reading Brooke Shields and Life Happens Drive Home the Importance of Life Insurance
Prudential to Pay $2.35B for Online Startup Assurance IQ
Prudential Financial Inc. has agreed to pay $2.35 billion for an online startup as traditional life insurers seek to reach digital-savvy customers who shop on the internet. Executives of Prudential said Assurance IQ Inc., a three-year-old company based in Bellevue, Wash., can help it solve a decades-old problem bedeviling many of the biggest names in… Continue reading Prudential to Pay $2.35B for Online Startup Assurance IQ
Life Insurance Start-up Backed by Jay Z and Will Smith Now Worth Nearly $500M
Ethos, the Silicon Valley start-up taking on America’s life insurance industry, just snagged $60 million in funding. The San Francisco-based company announced on Wednesday that it raised the fresh funds in a Series C round led by GV, Alphabet’s venture arm, and backed by Goldman Sachs. Existing investors Sequoia Capital and Accel also invested; Ethos… Continue reading Life Insurance Start-up Backed by Jay Z and Will Smith Now Worth Nearly $500M
First-Half 2019 Income Flat For U.S. Life/Annuity Insurers: AM Best
Total income in the U.S. life/annuity industry essentially remained flat in the first half of 2019, dropping slightly to $422.4 billion compared with $424.6 billion in the same prior-year period. This financial review is detailed in a new Best’s Special Report, titled, “First Look—First Half 2019 Life/Annuity Financial Results,” and the data is derived from… Continue reading First-Half 2019 Income Flat For U.S. Life/Annuity Insurers: AM Best
Cigna Seeks Sale of Group Benefits Insurance Business: Sources
U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday. The unit for sale offers disability insurance as well as life and accidental death and dismemberment coverage to clusters of company… Continue reading Cigna Seeks Sale of Group Benefits Insurance Business: Sources
Swiss Re Halts Flotation of ReAssure Life Insurance
Swiss Re has postponed the flotation of its UK zombie life insurance business after investors unsettled by overhyped share offers and the prospect of a no-deal Brexit refused to accept the company’s valuation of up to £3.3bn. The Swiss insurer announced the initial public offering of ReAssure in June after months of speculation about a… Continue reading Swiss Re Halts Flotation of ReAssure Life Insurance
North America Life Insurers Embrace Predictive Analytics to Elevate their Business
North America’s life insurance industry will increase its investment in predictive analytics capabilities over the coming years, according to Willis Towers Watson, a leading global advisory, broking and solutions company. Findings from the company’s Life Predictive Analytics Survey show that life insurers recognize they need to invest in predictive analytics to address earnings and profitability… Continue reading North America Life Insurers Embrace Predictive Analytics to Elevate their Business
Allianz Reports Operating Profit of 3B Euros in 1Q 2019
Allianz Group continued its successful course from 2018 with a strong first quarter 2019. The results demonstrate the resilience of its business segments and continued progress in executing Allianz’s Renewal Agenda. Internal revenue growth, which adjusts for currency and consolidation effects, was 7.5 percent. Total revenues grew 9.1 percent to 40.3 (2018: 36.9) billion euros.… Continue reading Allianz Reports Operating Profit of 3B Euros in 1Q 2019
Verisk to Leverage Electronic Health Record Data for New Life Insurance Underwriting and Portfolio Tools
Verisk, a leading data analytics provider, and Human API, the nation’s largest health data network, announced today plans to work together on Verisk’s new InsurTech tools. Leveraging electronic health record (EHR) data collected by Human API, Verisk’s solutions will help revolutionize how life insurers underwrite coverage and manage in-force portfolios. As part of the effort,… Continue reading Verisk to Leverage Electronic Health Record Data for New Life Insurance Underwriting and Portfolio Tools