Some small and medium-sized companies are looking to self-insurance and third-party administrators as an alternative to the sometimes murky world of group insurance experience.When small businesses decide to provide self-insurance coverage to their employees, “administrative services only” firms take the place of traditional insurers. In these cases, the employer chooses to pay the entire cost […]
As employers compete to attract talent, they create opportunities for advisors
But firms’ support efforts vary greatly, from full-service teams to external referrals
The deal reflects a general trend toward consolidation among smaller MGAs
Transamerica Life says it’s in better position now
Bright spots for some insurers are the new guaranteed minimum withdrawal benefit plans
Scores for support for insurance planning are up, as is advisors’ insurance revenue
But reinsurer Munich Re is set to introduce benchmark definitions to provide more consistency in the market
Although banks are leading the way, life insurance companies are making new gains
Empire Life’s new CEO, Les Herr, prefers the slow but steady approach