The guidelines issued at the end of January mandate insurance companies with annuity portfolios to have at least one qualified actuarial expert on their team. The circular partly read ...

Shortage of actuaries is threatening to derail the new regulatory requirements for annuity business recently issued by the National Insurance Commission (NAICOM). NAICOM, in a circular effective ...

Annuities can be a useful, albeit expensive financial tool to manage retirement income if one cannot or is reluctant to ...

Hexure, a leading provider of sales and regulatory automation solutions for the life and annuity industry, announced Axonic Insurance Services ("AIS") has implemented FireLight e-application to launch ...

Kevin Hogan; President, Chief Executive Officer, Director; Corebridge Financial Inc Elias Habayeb; Chief Financial Officer, Executive Vice President; Corebridge Financial Inc Good morning, everyone, ...

What is an annuity rate? Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension ...

This formula focuses exclusively on income generated from a company’s core operational activities while excluding expenses that are not integral to daily operations. Let’s break down the ...

Sales of pension annuity contracts increased by 24 per cent in 2024 to 89,600, surpassing last year’s total and reaching a new ten-year high, figures from the Association of British Insurers (ABI) hav ...