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
LIMRA: U.S. Annuity Sales Set New Record in First Half of 2024
Total U.S. annuity sales were $215.2 billion in the first half of 2024, a 19% jump from prior year results, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey, which represents 92% of the total U.S. annuity market. This is a new sales record for the first six months of a year since LIMRA started tracking sales in the 1980s.
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Would You Share Your Wellness Data for Insurance Savings? More Americans Say “Yes!”
According to the 2024 Insurance Barometer Study, more Americans say they would participate in a life insurance wellness program than in previous years. These programs involve consumers exchanging health or activity data for incentives like discounts on premiums or products. The percentage of willing Americans increased 10 points over the past 8 years, from 30% in 2016 to 40% in 2024.
Read the PostFrom Hire to Retire
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