The firm will be cutting 1,500 positions, or 13% of its staff, including jobs involved in supporting advisors — but no advisors will be let go
But a shift to more strategic deal making should underpin insurance executives’ rationale if they want deals to pay off in the long run, new KPMG report suggests
There are big challenges related to doing this, but it ensures applications are processed quicker and could also help advisors identify sales opportunities
Genetic testing could open a Pandora’s box, some warn
Although only 14% of the deals that took place last year involved an insurer or its venture arm, this is a significant increase from 3% in 2014
The credit ratings agency will provide its insurer ratings on MSA’s analytical platform and reports
Despite a new review, many changes will remain as insurers have “invested meaningful resources” in preparation, Fitch report suggests
Slow adoption among insurers of technologies for gathering data about customers has “helped leave the door ajar” for others, new report suggests
New report calls on firms to file data on sales practices
Sales of individual life insurance policies were considerably higher in Q4 and in 2016, overall, in advance of the new, more restrictive tax rules that kicked in on Jan. 1