May 16, 2019

Millennials & Modern Insurance Event Key Takeaways

Corporate Insight recently attended a Millennials & Modern Insurance Event co-hosted by Cake & Arrow and Coverager. The two firms authored a research paper titled Millennials & Modern Insurance: Changing the Way Millennials Think about Insurance and presented their findings at an intimate venue complete with avocado toast. Here are some key takeaways from two […]

April 15, 2019

Newest Product Releases in Life Insurance & Annuities: Q1 2019

In this free slide deck, we examine new product releases from annuity carriers and life insurers covered in Corporate Insight’s Annuity Monitor and Life Insurance Monitor research services. These include new releases from Lincoln Financial, Nationwide and Prudential. We provide a rundown of all new products released in the first quarter of 2019 and highlight […]

March 13, 2019

Financially Responsible Lawnmower Racers Can Rejoice: Life by Spot Is Live

Life by Spot’s Got Life Insurance for Adrenaline Junkies Life by Spot, the life insurance firm that Corporate Insight first examined in January, is now offering short-term policies for adrenaline junkies, emailing interested prospects to announce the launch a few weeks after going live. Getting a quote from Spot’s website is quick and relatively simple: […]

January 05, 2019

Latest Annuity and Life Insurance Product Updates

This slide deck examines product releases from annuity carriers and life insurers covered in Corporate Insight’s Annuity Monitor and Life Insurance Monitor research services. We provide a rundown of new products introduced on coverage group firms’ websites in the second half of 2018 and highlight their key features. Download Slide Deck If you do not […]

January 02, 2019

Life by Spot: Can Short-Term Life Insurance Succeed in the Long Run?

Do people who jump out of airplanes for fun also buy life insurance? A new insurance company is going to find out. Life by Spot, a Texas-based startup, plans to offer short-term life insurance to skydivers, lawnmower racers and other thrill-seekers starting in 2019. Traditional insurers have long been reluctant to insure skydivers, who statistically […]

July 05, 2018

Pride Month: A Life Insurance Marketing Opportunity Harnessed by Few and Missed by Many

Research shows fewer LGBT individuals work with a financial professional compared to the general population, despite same-sex couple families having higher savings, income and investible assets on average than other family types. Though this underserved market presents a multitude of opportunities for insurers, only 27% of Life Insurance Monitor firms harness the publicity surrounding June’s […]

May 02, 2018

If You’re Not First, You’re Last: Prudential Releases Fixed Indexed and Direct-to-Consumer Annuities Years behind Competitors

Prudential’s piloted direct-to-consumer annuity offering follows the release of its first fixed index annuity, but the firm is years behind in offering either product. This leap into new products and distribution options comes as variable annuities maintain a seven-year decline in sales. Even with encouraging markets, consumers still feel trepidation post-recession. Since 2011, sales of […]

April 11, 2018

A Step into the Future: Firms Arm Advisors with Texting and Social Media Capabilities

Although the life and annuity industries typically lag behind other financial industries in terms of technology adoption, two firms are enhancing their communication techniques to reach new and existing clients. In November, Voya launched a new service to enhance its texting communications for advisors. The service allows advisors to text their clients to arrange future […]

March 15, 2018

MassMutual Shares Life Insurance Underwriting Algorithm

MassMutual subsidiary LifeScore Labs now sells its LifeScore360 underwriting algorithm, an unusual development in an industry that tends to keep these calculations private. The release anticipates a shift toward shared underwriting models and improves speed and transparency to attract new customers. The model draws from 15 years of data about the firm’s life insurance applicants […]