RICHMOND, Va., Jan. 14, 2019 /PRNewswire/ — Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today announced that the New York State Department of Financial Services (NY DFS) has approved the proposed acquisition of control of New York-domiciled Genworth Life Insurance Company of New York by entities affiliated with Oceanwide in connection with the merger of Oceanwide and […]
HOLON, Israel, Dec. 19, 2018 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the general availability of the Sapiens ALIS 8 policy administration suite (Sapiens ALIS) for life insurance companies worldwide. The Sapiens ALIS 8 suite features enhanced group functionality, and improved investment features and […]
WEST DES MOINES, Iowa, Dec. 06, 2018 (GLOBE NEWSWIRE) — Sammons® Financial Group, Inc. (SFG) has been honored with a Glassdoor Employees’ Choice Award, recognizing the Best Places to Work in 2019. The Employees’ Choice Awards program, now in its 11th year, is based solely on the input of employees who elect to provide feedback on their jobs, work […]
Two years ago, Tania Mirchandani, a Goldman Sachs Group Inc. vice president in Los Angeles, told her boss she was pregnant with her third child. He was skeptical she could balance a large family with her demanding job, she recalled. That’s “a lot of mouths to feed,” she quoted him as saying. Click HERE to […]
The Securities and Exchange Commission’s recent introduction of a proposal that would modernize the process of disclosing information about variable annuities was met with cries of “it’s about time” from annuity industry advocates. The SEC proposal for new rule 498A under the Securities Act, released Oct. 30, would modernize disclosures by using a layered disclosure […]
FOR IMMEDIATE RELEASE 2018-246 Washington D.C., Oct. 30, 2018 — The Securities and Exchange Commission today announced that it has voted to propose rule changes designed to improve disclosure for investors about variable annuities and variable life insurance contracts. The proposal is intended to help investors better understand these contracts’ features, fees, and risks, and to more […]
The U.S. Securities and Exchange Commission (SEC) this week voted to propose rule changes designed to simplify disclosures for investors in variable annuities and variable life insurance contracts. According to SEC’s announcement, the proposal is intended to help investors better understand these contracts’ features, fees and risks, and to more easily find the information needed to make an informed investment […]
On October 30, the SEC voted to propose modernized disclosures for variable annuities and variable life insurance policies (“variable insurance products” or “contracts”), including the use of an optional summary prospectus. Perhaps the most striking aspect of the proposal is the “access equals delivery” approach to prospectus delivery for the mutual funds that serve as the underlying […]
October 23, 2018 — CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial® (Nasdaq: BHF) today announced the availability of the Brighthouse Financial Digital Desk, an online platform designed for firms to help their financial advisors navigate the fixed annuity purchase process from start to finish. The Digital Desk acts as a one-stop resource for fixed and income annuities. It allows advisors […]
The insurtech phenomenon is currently plowing through the industry, introducing new ways of doing business and upending the status quo. But while the movement promises a renaissance of novel ideas related to the insurance industry, there is a notable absence in the faces behind the revolution: women. The overwhelming majority of insurtech entrepreneurs are men. […]
