Month: November 2024

World Acquires FI Insurance: Strategic Growth Continues in the Sphere of Life Insurance World, a leading name in the insurance industry, has recently announced its acquisition of FI Insurance, a move aimed at bolstering its footprint and offering a wider array of life insurance products. This strategic expansion will enhance the company’s capabilities in providing […]

John Hancock Adds New Apple Watch Series 10 to its Vitality Program BOSTON, Nov. 21, 2024 /PRNewswire/ – In an exciting development for policyholders, John Hancock announced today that it is now offering the latest Apple Watch models to eligible life insurance participants through its Vitality Program. This initiative is part of John Hancock’s broader […]

AM Best Maintains Positive Outlook for DUAE Segment In a recent announcement, AM Best has maintained a positive outlook for the Delegated Underwriting Authority Enterprises (DUAE) segment, offering a promising forecast for the evolving insurance distribution model. This declaration comes as welcome news for stakeholders, signaling steady expansion and growth opportunities. The Benefits of Life […]

The Growing Role of Life Insurance Amidst Emerging Climate Risks In a world grappling with the increasing frequency of climate-related events, the importance of life insurance in safeguarding individuals and businesses has never been more pronounced. According to a recent report by lifetimeinsurance.org, secondary perils such as wildfires, floods, and severe storms have escalated, thereby […]

Rate Insurance Appoints New Commercial VP Rate Insurance, a key player in the insurance industry, has announced the appointment of John Doe as the new Commercial Vice President. Doe’s extensive experience in insurance is expected to drive growth in niche markets, a strategic move that aligns with Rate Insurance’s ambitious expansion goals. Focus on Life […]

Apple Watch Series 10: Exercise Rewards through Life Insurance John Hancock’s Vitality Plus life insurance program now offers a compelling incentive for maintaining an active lifestyle. Through this innovative program, individuals can earn an Apple Watch Series 10 almost entirely for free, simply by meeting exercise goals. This development is part of a broader trend […]

IAIS Finalizes Insurance Capital Framework The International Association of Insurance Supervisors (IAIS) has officially finalized its insurance capital framework, setting new guidelines for internationally active insurers. This significant move by IAIS aims to introduce a standardized approach to measuring risk and capital requirements across global insurance entities. The Importance of Life Insurance Amid New Guidelines […]

Lincoln National Corporation’s Board Declares Quarterly Cash Dividend Lincoln Financial (NYSE:LNC) has announced that its Board of Directors declared a quarterly cash dividend. This move comes as part of the corporation’s ongoing efforts to deliver value to its shareholders. Lincoln National Corporation continues to be a leading light in the financial and insurance sectors with […]

John Hancock Life Insurance Company and Manulife Reinsurance File Forms for New Fund In a recent filing with the SEC, John Hancock Life Insurance Company (USA) and Manulife Reinsurance (Bermuda) are set to introduce a new asset-based lending fund. The move underscores the growing complexity and sophistication in the life insurance sector, particularly as companies […]

Aerospace Meets Insurance: How Life Insurance Can Benefit Amid Evolving Wildfire Risk Models With the advent of advanced satellite technology, the insurance industry is witnessing a paradigm shift in assessing wildfire risks. Traditional risk models often depend on historical data and struggle to keep pace with rapidly changing environmental conditions. However, the integration of satellite […]