An untapped opportunity?
Digital life insurance distribution remains a largely untapped opportunity. However, amid a global health crisis, lockdowns, and social distancing, the question remains, “Why aren’t life insurers selling more policies online?” This topic was unpacked during a lively discussion at the RGA Global Bancassurance and Alternative Distribution Seminar, a virtual panel that included insurers, banks, insurtechs, and other ecosystem players. Read the article “Best of Both Worlds: Combining Digital Distribution with Full Underwriting" to discover insights from Andrew Ostro, CEO and Co-Founder, PolicyMe; Graham Kent, Chief Operating Officer, Canadian Premier; and Braam Kruger, Vice President, Business Development, RGA Canada.
Joining forces to prevent suicide
According to the World Health Organization, suicide is among the leading causes of death worldwide, with more than one in every 100 deaths (1.3%) in 2019 a result of suicide. In the coming months, RGA and RGAX will delve into this important industry (and global) topic, increasing awareness and visibility to mental health resources and uncovering new avenues toward prevention and support. Be sure to follow RGA and RGAX on LinkedIn and join in the conversation with:
#suicidepreventionawareness.
Financial record
Staying ahead of insurance fraud
The second quarter of 2022 showed a record level of earnings for RGA. We deployed $121 million into in-force and other transactions on the capital front, and increased our quarterly dividend 9.6% to $0.80 per share. The balance sheet remained strong, and the quarter ended with excess capital of approximately $1.0 billion.
million deployed into in-force
“Importantly, it included strong contributions from many of our business segments,” commented Anna Manning, President and Chief Executive Officer. “In addition, growth in organic new business was good and we had another active quarter for capital deployment into in-force and other transactions. COVID-19 claim costs came down substantially this quarter, and our underlying non-COVID-19 mortality was favorable in many markets. This quarter continues to demonstrate that our global platform can perform well in a range of economic environments.”
Does insurance fraud keep you up at night? Is it the focus of your workday? Or does it interest you because fraud affects you personally or professionally? No matter the reason, make sure to catch up on the content from the 10th annual RGA Fraud Conference, which took place in August. Topics included emerging types of fraud, best practices for fraud identification and mitigation, innovative vendor solutions, among others. More than 1,300 professionals representing over 40 countries attended the live event.
Click here for the recorded sessions, and stay tuned for information about the date and speaker lineup for the 2023 conference.
Financial record
The second quarter of 2022 showed a record level of earnings for RGA. We deployed $121 million into in-force and other transactions on the capital front, and increased our quarterly dividend 9.6% to $0.80 per share. The balance sheet remained strong, and the quarter ended with excess capital of approximately $1.0 billion.
million deployed into in-force
“Importantly, it included strong contributions from many of our business segments,” commented Anna Manning, President and Chief Executive Officer. “In addition, growth in organic new business was good and we had another active quarter for capital deployment into in-force and other transactions. COVID-19 claim costs came down substantially this quarter, and our underlying non-COVID-19 mortality was favorable in many markets. This quarter continues to demonstrate that our global platform can perform well in a range of economic environments.”
Staying ahead of insurance fraud
Does insurance fraud keep you up at night? Is it the focus of your workday? Or does it interest you because fraud affects you personally or professionally? No matter the reason, make sure to catch up on the content from the 10th annual RGA Fraud Conference, which took place in August. Topics included emerging types of fraud, best practices for fraud identification and mitigation, innovative vendor solutions, among others. More than 1,300 professionals representing over 40 countries attended the live event.
Click here for the recorded sessions, and stay tuned for information about the date and speaker lineup for the 2023 conference.
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