Direct life insurance ↝ Life insurance

Securian becomes first U.S. direct life insurer to sponsor a mortality cat bond -

Securian Financial recognises the capital efficiencies gained from becoming the first U.S. direct writer of life insurance to tap into the capital markets for reinsurance protection using a mortality catastrophe bond, after its $100 million La Vie Re Limited (Series 2020-1) transaction completed. The La Vie Re mortality catastrophe bond transaction now provides Securian Financial affiliate the Minnesota Life Insurance Company with a $100 million multi-year source of collateralized mortality reinsurance from the capital markets. Mortality catastrophe bonds are rare enough in the insurance-linked securities (ILS) market, with only a handful outstanding. But there has never been a...

NAIC Releases 2020 Market Share Data

WASHINGTON (March 1, 2021) — The National Association of Insurance Commissioners (NAIC) released data today on life/fraternal and property/casualty insurers. The reports provide market share information and identify leading insurance writers in several key lines of business. The numbers in the reports will increase throughout the week and month as the report runs. The 2020 market share data include countrywide direct written premiums for the top 25 groups and companies as reported on the state page of the annual financial statement for insurers that report to the NAIC. The Life/Fraternal Market Share report contains cumulative market share data for life insurance, annuity considerations,...

Securian Financial Is First U.S. Direct Life Insurer to Complete a Mortality Insurance-Linked Security Transaction, Business Wire

ST. PAUL, Minn.--( BUSINESS WIRE )--Securian Financial affiliate, Minnesota Life Insurance Company, has successfully completed a $100 million insurance-linked security (ILS) transaction, becoming the first U.S. direct writer of life insurance to utilize an extreme mortality bond structure. La Vie Re, a special purpose insurer not affiliated with Securian Financial, issued $100 million of Series 2020-1 Class A notes to investors, which closed on October 23. The transaction is the first Rule 144A catastrophe bond exposed to extreme mortality risk featuring an indemnity trigger on an annual loss ratio basis. The arrangement with La Vie Re provides Minnesota Life with $100 million of fully...

Is it cheaper to get life insurance through a broker or direct?, This is Money

Why did an insurance company give me a cheaper quote on life and income protection cover than my broker? Reader queries discrepancy between a direct insurer’s quote and her broker's Expert reveals the benefits of approaching a broker vs going direct Expert says health, hobby and occupation disclosures can all impact on quotes I’ve been speaking to a broker about buying income protection and a new life insurance policy. They’ve been really helpful and recommended a couple of policies that suit my needs. The thing is, I double checked with the insurer directly, and they’ve said I can have the same policies exactly but with a lower premium. Now I don’t know whether to stay with my adviser and...

Securian Financial becomes first US direct life insurer to complete a mortality insurance-linked security transaction - International Cooperative and Mutual Insurance Federation

US ICMIF member Securian Financial, through its affiliate company Minnesota Life Insurance Company, has successfully completed a USD 100 million insurance-linked security (ILS) transaction, becoming the first US direct writer of life insurance to utilize an extreme mortality bond structure. La Vie Re, a special purpose insurer not affiliated with Securian Financial, issued USD 100 million of Series 2020-1 Class A notes to investors, which closed on October 23. The transaction was structured and placed by Willis Re Securities, in collaboration with ICMIF Supporting Member Willis Re. The transaction is the first Rule 144A catastrophe bond exposed to extreme mortality risk featuring an...

Lidma Inc. - About Us

The Life Insurance Direct Marketing Association is the primary organization dedicated to supporting businesses and professionals active in direct sales of life insurance products to consumers – the fastest growing sales segment in the life insurance industry. LIDMA is the main voice for the life insurance direct response industry producers, carriers, business partners and exam companies. This non-for-profit organization is committed to helping members boost their revenues derived through direct response sales as well as assisting new entrants adapt and succeed in their direct response efforts. Objectives Operate for the benefit of all members including producers, carriers, exam...

Direct Life Insurance Report PFL Research

Direct Life Insurance Report covers 129 products including Life Insurance, Trauma, TPD, Accidental Death, Income Protection and Funeral insurance products marketed directly and through affinity partners. 6 Key Topics Reported Analysis of Market Trends covering significant changes in Product offers in the last 12 months including new entrants and new alliances, Approaches to dealing with under insurance, Marketing techniques to attracting new customers in the Direct Channel are reviewed, Analysis of Marketing/Sales Channels. Market Share Statistics include In-Force, New Business, State, Age and Smoker/Non Smoker segmentation (includes ongoing data updates during the year). For the first time...

Direct Line - Wikipedia

Direct Line Direct Line is an insurance company based in Bromley, England. Founded in 1985, as the country's first direct car insurance company, it has since expanded to offer a range of general insurance products. Its policies are underwritten by the regulated subsidiary UK Insurance Limited, and it is owned by the Direct Line Group. Company history [ edit ] Founded in Croydon by Martin Long and Peter Wood with £20 million from the Royal Bank of Scotland, Direct Line sold its first motor insurance policy in 1985. It was the first insurance company in the United Kingdom to underwrite using computers and sell insurance directly by telephone, thus removing the need for a broker and...

ASIC review into direct life insurance results in customer refunds Insurance Flashlight

ASIC has announced that ClearView Life Assurance Limited (Clearview) will refund 16,000 customers a total of approximately $1.5 million. This follows an ASIC review of Clearview’s life insurance sales practices. The review focused on sales to consumers residing in high Indigenous populated areas who were unlikely to have English as their first language. The sales were made directly to consumers, without personal financial advice. The review found that sales staff: made misleading statements about the cover, the premiums and the effect of the customer’s pre-existing medical conditions; did not clearly obtain the customer’s consent to purchase the cover before processing...

Jackson,Athene reinsurance deal weighs heavily on US life industry net premiums, S&P Global Market Intelligence

latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/jackson-athene-reinsurance-deal-weighs-heavily-on-us-life-industry-net-premiums-59965469 content Jackson/Athene reinsurance deal weighs heavily on US life industry net premiums Economic and operational challenges from COVID-19 did not represent the lone extraordinary item encountered by the U.S. life insurance industry in the second quarter. Statutory results for the period will also reflect the significant effects of a reinsurance agreement between Jackson National Life Insurance Co. and Athene Holding Ltd.'s Athene Life Re Ltd. Because the transaction involved a U.S.-based entity ceding $...