The 11 biggest announcements from life and health insurers this week
January 19, 2016 by Lynette Gil
Paradigm shift news roundup: Deloitte, American Academy of Actuaries, Boston Mutual, NAILBA Charitable Foundation and Legal & General, MetLife, SBL, Wink, Borislow Insurance, Forethought Life, Guardian, MAPFRE
Fifty-five indexed annuity carriers participated in the 73rd edition of Wink’s Sales & Market Report, representing 99.8 percent of indexed annuity production. Total third quarter sales were $13.8 billion. Third quarter indexed annuity sales were up more than 13.0 percent when compared to the previous quarter, and up nearly 21.0 percent when compared with the same period last year.
Noteworthy highlights for the third quarter include Allianz Life as the No. 1 carrier in indexed annuities, with a market share of 14.7 percent, and American Equity Companies as the No. 2 carrier. Rounding out the top five carriers in the market are Great American Insurance Group, AIG and Nationwide. Allianz Life’s Allianz 222 Annuity was the No.1 selling indexed annuity for the third consecutive quarter.
For indexed life sales, 45 insurance carriers participated in Wink’s Sales & Market Report, representing 95.1 percent of production. Third quarter sales were $478.6 million. When evaluating third quarter indexed life sales, results were up over 4.0 percent when compared with the previous quarter, and up over 28.0 percent when compared to the same period last year.
