Articles
Indexed products lead Q3 life, annuity sales boom, Wink reports
Indexed life and annuity products are the subject of many regulator meetings and class-action lawsuits. Despite that negative publicity, indexed life and annuity sales are booming. Wink, Inc. reported third-quarter annuity sales of $115.2 billion, up 6.6% compared to the previous quarter. All annuities include the multi-year guaranteed annuity, traditional fixed annuity, indexed annuity, structured […]
Grappling with the underwriting talent crisis
The insurance industry is at a crossroads, grappling with a multifaceted talent crisis fueled by demographic shifts, technological transformation, and evolving workforce expectations. A recent webinar featuring industry leaders shed light on the challenges and outlined strategies to close the talent gap and secure the future of underwriting. A perfect storm of challenges Jennifer Kyung, […]
Is there a winning AI strategy for insurers? IBM says yes
Insurers that use generative artificial intelligence have an advantage over their competitors, according to Mark McLaughlin, IBM global insurance director. However, he said the way they leverage it matters, as he provided some insights into a winning strategy. McLaughlin spoke with InsuranceNewsNet on the heels of IBM’s Institute for Business Value having released a study […]
ACA rates on the rise as future of enhanced subsidies in question
Affordable Care Act marketplace coverage will cost consumers an average of 7% more for 2025 than it did in 2024, according to KFF. KFF research found insurers requested a median premium increase of 7% for 2025, similar to the 6% premium increase filed for 2024. Insurers cite growing health care prices – particularly for hospital […]