Cookhouse Lab seeks to enable the insurance industry to work together to facilitate innovation instead of individual companies striving to develop new concepts internally
Insurers’ strategy is to focus on advisors they can count on
Life insurers will only request genetic testing information from applicants seeking life insurance coverage of more than $250,000 starting early next year
Although most firms’ websites evaluated did a good job of getting prospective life insurance buyers’ attention, they did poorly in converting that attention into a sale
Many in the insurance industry feel unprepared for the challenges the business is facing related to increasing regulatory demands and perpetually low interest rates, among others
But with growing regulation comes higher costs for companies — and small firms, in particular, are likely to struggle with these increasing expenses
The credit-rating agency cites the interest rate environment and the political climate as key reasons for changing its outlook to negative
Insurance and financial services professionals will be able to collaborate with IT experts and investors at Cookhouse Lab on developing customer-focused insurance technology
The creation of an FSRA in Ontario and the rapid pace of regulatory change occurring on the investment side of the business has big implications for the life insurance industry
Rating agency predicts stable and predictable earnings growth for the industry in 2017