Month: July 2024

Economist: Immigration-fueled GDP Growth About to End As the U.S. grapples with changing immigration patterns, experts are forecasting an imminent slowdown in the economic growth traditionally driven by new arrivals. According to a recent analysis on InsuranceNewsNet, the influx that once fueled the Gross Domestic Product (GDP) is nearing a critical juncture. This development is […]

WTW Introduces Enhanced Investment Management Insurance Solution Global advisory and broking company WTW has launched an upgraded investment management insurance solution. This new offering aims to address the diverse needs of asset managers, including those involved in real estate strategies. Life insurance can play a significant role in these new financial products, providing added security […]

Running the Numbers: Passion for Math Leads to Insurance Career When it comes to choosing a career path, a passion for mathematics can often lead individuals to the fascinating world of life insurance. This integration of mathematics and business offers not only a career but also various benefits, particularly in securing one’s financial future. The […]

RGA Inks Reinsurance Transaction with Korean Life Insurer In a landmark move, Reinsurance Group of America (RGA) has completed a reinsurance transaction with a leading Korean life insurance company. This development, announced on July 2, 2024, marks the first cross-jurisdictional coinsurance deal in the country—a significant leap forward for the life insurance sector. Enhancing Life […]

RGA Inks Reinsurance Transaction with Korean Life Insurer Reinsurance Group of America (RGA), a worldwide leader in life and health reinsurance, has announced a groundbreaking agreement with a major Korean life insurance provider. This marks the first cross-jurisdictional coinsurance deal in South Korea, signifying an important development in the global insurance market. The Benefits of […]

Lemonade Announces Renewal of Reinsurance Program Lemonade, a leading insurance technology company, has announced the renewal of its reinsurance program, maintaining its core 55% quota share protection. This initiative underscores the company’s commitment to safeguarding its policyholders and ensuring robust financial stability. However, what’s often overlooked in such discussions is the critical role life insurance […]

Lemonade Announces Renewal of Reinsurance Program In a strategic move aimed at bolstering its financial stability, Lemonade has announced the renewal of its reinsurance program. This renewal highlights the continuation of their core strategy, with 55% quota share protection remaining intact. This news marks a significant moment for those invested in or considering life insurance, […]

BMS Bolsters Japan Presence with New Director BMS, a prominent player in the reinsurance sector, has recently expanded its footprint in Japan by appointing a new director with a diverse background in legal, investment banking, consulting, and insurance. This move signifies BMS’s commitment to strengthening its operations in the Asian market. Enhancing Workforce Diversity The […]

BMS Bolsters Japan Presence With New Director In a strategic move to enhance its operations in the East, BMS has announced the appointment of a new director for its Japan division. This noteworthy addition not only reinforces BMS’s commitment to expanding its footprint in Asia but also highlights the increasing relevance of life insurance in […]

Life Insurance: A Crucial Safety Net Amidst Regulatory Actions In a significant regulatory move, the Office of the Insurance Commissioner has ordered Unite Health Share Ministries (UHSM) to cease selling insurance, citing non-compliance with statutory requirements. This development has spotlighted the essential role life insurance plays in offering financial stability and protection across various circumstances. […]