We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (17,574)
  • Industry Conferences (3)
  • Industry Job Openings (3)
  • Moore on the Market (199)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (655)
  • Wink's Articles (263)
  • Wink's Inside Story (234)
  • Wink's Press Releases (99)
  • Blog Archives

  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • Best’s Market Segment Report: U.S. Life/Annuity Mutual Insurers Gain M&A Momentum While Pivoting for Pandemic

    October 5, 2021 by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–Increased merger and acquisition (M&A) activity so far in 2021 in the U.S. life/annuity mutual insurance market is expected to continue as the industry becomes more competitive and scale becomes more important, according to a new AM Best report.

    The Best’s Market Segment Report, titled, “U.S. Life/Annuity Mutual Insurers Gain M&A Momentum While Pivoting for the Pandemic,” states that balance sheets of most life/annuity mutual insurers have been resilient against the market volatility amid the COVID-19 pandemic. However, the need for enhanced financial flexibility for many mutual companies, continuing regulatory requirements and an imperative to cut expenses have burdened the segment, which in addition to the low interest rate environment, could lead to additional consolidation and partnerships.

    In 2020, life/annuity mutual companies accounted for 25% of the overall industry’s premiums, up from approximately 18% in 2011. Net premium growth for U.S. life/annuity mutuals as of year-end 2020 was relatively lower than in previous years and continued to decrease in first-quarter 2021 as some companies have had difficulties adapting to changing distribution models during the pandemic.

    On the positive side, the report notes that the pandemic has generated renewed interest in life insurance, especially with targeted younger age groups. This should support additional growth for the mutuals, given its policyholder interests at the forefront versus shareholders’ priorities for stock companies.

    Mutual insurance companies show strength in their innovation programs compared with the overall life/annuity industry, as they benefit from well-established innovation programs that have been embedded into their strategic plans for many years. Mutual insurers also tend to be larger companies with greater resources to support more robust programs. AM Best sees state-of-the-art technology and innovation as key elements in future M&A activity, with digital tools becoming essential in every step of the insurance process. Consolidation will allow insurers to compete at the highest levels by providing diversity and scale.

    To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=312986.

    AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

    Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

    Contacts

    Igor Bass
    Financial Analyst
    +1 908 439 2200, ext. 5109
    igor.bass@ambest.com

    David Marek
    Financial Analyst
    +1 908 439 2200, ext.
     5340
    david.marek@ambest.com

    Christopher Sharkey
    Manager, Public Relations
    +1 908 439 2200, ext. 5159
    christopher.sharkey@ambest.com

    Jim Peavy
    Director, Communications
    +1 908 439 2200, ext. 5644
    james.peavy@ambest.com

    Originally Posted at Business Wire on September 29, 2021 by AM Best.

    Categories: Industry Articles
    currency