Where will annuities go in the coming year?
As many in the life insurance and annuities industry turn their attentions toward the coming year, it might be of particular interest to see how the latter type of offering will be affected by consumers' changing attitudes toward what they can afford to save for their futures.
How can life insurers better market their products?
The life insurance industry is finally beginning to pull itself out of the problems in which it was mired for a number of years following the onset of the national recession, but that doesn't mean that selling, even to interested consumers, is especially easy these days.
How can life insurers increase business in the coming year?
The improving economy is likely to continue to provide the life insurance industry with more chances for improvement over the course of 2014, as consumers continue to feel better about their individual financial standings and return to protecting themselves and their loved ones with this type of coverage.
Where will life insurance industry go next year?
With 2014 rapidly closing in, it seems many experts are predicting that the life insurance industry could take steps forward over the coming 12 months, and the improvements could come in a number of ways.
Florida cracking down on life insurance companies
Florida, along with other larges states like California and New York, is making sure that insurance companies are regularly searching for unclaimed death benefits.
Are life insurers doing enough to reach Generation Y?
Life insurance companies are looking for new ways to increase business as a consequence of the decline in interest in such products resulting from the recession. As older Americans began to view these policies as being extraneous, rather than necessary, it might be time to turn the focus to the generation which will eventually replace them.
Investigation uncovers $1.1 billion of unpaid life insurance benefits
Regulatory efforts on the part of numerous agencies at both the state and federal levels in the last few years have focused particularly on various parts the insurance industry, and just such an initiative in New York recently resulted in a number of life insurance companies having to turn over more than $1.1 billion in unclaimed life insurance benefits.
Minnesota becomes the latest state to adopt NAIC annuity model
In May, lawmakers in the state of Minnesota became the latest group of legislators to officially adopt a version of the suitability in annuity transactions model put forth by the National Association of Insurance Commissioners in 2010. They did so without a need for the governor's signature.
Higher rates could pose problems for life insurers
Persistent, low interest rates have wreaked havoc on many life insurers' bottom lines in the last few years, but now that rates are starting to rise, that could create a different type of concern for these companies. As such, many may want to assess all of their investment options before making any major decisions.
Collateral needs on the rise for life insurance companies
There have been a number of regulatory changes to the entire insurance industry in the last few years as the government has moved to put tighter controls into place. That trend continued in June, as life insurers were required to carry far more collateral and liquidity.