Allianz Life moves to strengthen annuity operations with own reinsurer
January 14, 2025 by John Hilton
Wink, Inc. reported third-quarter annuity sales of $115.2 billion, up 6.6% compared to the previous quarter. Allianz Life ranking as the No. 1 seller of indexed annuities, with a market share of 13%, Wink reported. Indexed annuity sales for the third quarter were $36.8 billion, up 57.8% compared to the same period last year.
Now that it has its own reinsurer, Allianz is in good position to further reclaim its dominance of the market, said Sheryl Moore, founder of Wink, Inc. and Moore Market Intelligence.
“It has been my experience that once an indexed annuity carrier enters an arrangement with an asset manager and a reinsurer, that their products become more competitive,” she said.