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Mobile Device Initiatives Are on the Move in the Life Insurance Sector

New LIMRA research finds significant growth in mobile initiatives for life insurers since 2011.

Life Insurers Council: Final Expense and Preneed Life Insurance Sales Record Mixed Results in 2020

Total final expense life insurance premium was $480 million among the 19 companies providing sales for both 2020 and 2019 growth, a 9% increase compared with 2019 results. At the same time, 2020 annual preneed life insurance premium fell 10% year-over-year.

Half of Life Insurers Using Automated Underwriting

Half of life insurers have some type of automated underwriting solution in place and 41 percent of companies are in the planning process, according to LIMRA research.

COVID-19 Pandemic Adds Complexity to Insurers’ Compliance Efforts

Last week nearly 300 compliance professionals attended a virtual session about the new challenges they are confronting due to the COVID-19 pandemic. A panel of experts led by Skip Edmonds, head of LL Global’s Compliance and Regulatory Practice, discussed how their companies are adapting to the new environment.

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