Year: 2024

Former Reinsurance Chief Joins Major Insurer, Underlining the Importance of Life Insurance for Financial Security In a notable industry shift, the former reinsurance chief has transitioned to a prominent insurance company, emphasizing the critical role of life insurance in financial planning. This move has brought attention to various aspects of life insurance that cater to […]

Sompo Names New Head of UK Distribution, Highlighting the Importance of Life Insurance Sompo International, a prominent player in the global insurance market, has announced a significant leadership change in its UK operations, appointing a new head of distribution. The move is set to take place in the fourth quarter of 2024. This strategic appointment […]

20 Insurers with the Largest Life Insurance Market Share: A Comprehensive Overview The life insurance industry has continuously adapted to meet the evolving needs of its clients, offering various types of policies including Business/Career Insurance, Retirement Insurance, and Marriage/Divorce Insurance. Recent data revealed by [Digital Insurance](https://www.dig-in.com/list/20-insurers-with-the-largest-life-insurance-market-share) highlighted the top 20 companies dominating the market. This […]

Attorney Criticizes Complex Insurance Plans: Life Insurance Could Provide Simpler Solutions An attorney has recently criticized insurance companies and agents for promoting what he considers to be ‘incredibly complex’ Indexed Universal Life (IUL) insurance plans. According to a report by Insurance News Net, a jury in May ordered Pacific Life Insurance Co. to face penalties […]

Latest Rankings Reveal the Top 20 Life Insurers In a newly published ranking, New York Life leads the pack of the top 20 life insurance companies with a commanding market share of 6.86%, according to sources from Digital Insurance Staff. Meanwhile, John Hancock holds the 12th spot with a 2.50% market share. The Benefits of […]

AIG Sells Global Personal Travel Insurance Business to Zurich AIG has successfully sold its global personal travel insurance business to Zurich Insurance Group, according to a news report by Insurance Business Mag. Peter Zaffino, AIG’s CEO, described the deal as “another important strategic step” for the firm. The transaction, which was announced on June 26, […]

AIG Offloads Global Personal Travel Insurance Business to Zurich In a strategic move, insurance giant AIG has announced the sale of its global personal travel insurance business to Zurich Insurance Group. AIG’s CEO described the transaction as “another important strategic step” for the company. This divestiture aligns with AIG’s broader strategy of streamlining its focus […]

SLC Management Launches New Insurance Arm Highlighting Life Insurance Benefits SLC Management has announced the launch of its new insurance arm, aiming to provide investment solutions to the world’s leading insurance firms. This strategic move introduces an array of life insurance products designed to cater to various aspects of individuals’ lives. Comprehensive Life Insurance Solutions […]

BenefitMall Welcomes New Benefits Sales Executive for New England BenefitMall is excited to announce the addition of a new executive to their team, bringing almost a decade of experience in the insurance industry to the New England region. The appointment is expected to generate significant improvements in the company’s offerings, including various aspects of life […]

New Insurance Procedure Should Prepare Patients for Medical Bills In a groundbreaking step towards ensuring patients are adequately prepared for medical bills, a new insurance procedure has been rolled out. Industry expert Michel emphasized the importance of not only relying on insurance funds but also considering self-insurance reserves or a combination of those to mitigate […]