LIMRA and LOMA: Empowering Our Members
Advancing the financial services industry by empowering our members with knowledge, insights, connections, and solutions
For more than a century, we’ve served as the largest trade association supporting the insurance and related financial services industry. Today, we’re working with over 700 member companies around the world to help them understand industry trends, inform their strategies, develop their talent, and create solutions that advance the industry.
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This semi-weekly newsletter showcases important global financial services industry updates and links to related LIMRA, LOMA, and SRI resources. Please subscribe to receive Industry news2use in your inbox on Tuesdays and Thursdays.
News from LIMRA
Retail Life Insurance New Premium on Pace to Notch Another Record Year
Total new annualized premium jumped 6% to $3.9 billion in the third quarter 2024, according to LIMRA’s third quarter 2024 retail individual life insurance sales survey. The number of policies sold in the third quarter was level with the same period in 2023.
Read the ReleaseIndustry Trends Articles
As Life Insurance Coverage Gap Grows, Carriers Look to Improve Distribution Productivity
As the country comes out of the COVID-19 pandemic, new research by LIMRA and Boston Consulting Group (BCG) finds growth is the top priority for C-Suite life insurance executives. In light of relatively slow growth in the U.S. retail life insurance market over the past few decades and more than 100 million Americans living with a life insurance coverage gap, improving distribution productivity is widely recognized as a significant driver of market growth and fulfilling the mission of the industry.
Read the PostFrom Hire to Retire
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