Global Insurers to invest in commercial warehouses over office space- report

Goldman Sachs Asset Management | July 17, 2020

Global insurers are looking to increase investments in commercial warehouses over office space, according to a Reuters report. Investments in office space have become riskier due to the increase in remote work during the coronavirus pandemic, Goldman Sachs Asset Management (GSAM) said. The COVID-19 outbreak is pushing insurers to exchange “undesirable” real estate investments – including both office space and retail properties – for investments in warehouses, GSAM said.

Spotlight

Our study of digitization in the UK motor insurance sector by LexisNexis Risk Solutions found that only 18% of the insurers surveyed believe the industry is ‘fully prepared’ to manage digital risks. This figure drops to 14% for those who regard their own organization as being ‘very prepared’.

Spotlight

Our study of digitization in the UK motor insurance sector by LexisNexis Risk Solutions found that only 18% of the insurers surveyed believe the industry is ‘fully prepared’ to manage digital risks. This figure drops to 14% for those who regard their own organization as being ‘very prepared’.

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CORE INSURANCE

Liberty Bankers Insurance Group Launches Agent Portal

Liberty Bankers Insurance Group | August 02, 2022

Liberty Bankers Insurance Group, a nationally recognized provider of life, health, and financial products, today announced the launch of an Agent Portal for its Home Service, PreNeed, and Supplemental Health lines of business. "Combining our high-touch, personalized service with a robust online Agent Portal, the LBIG team is available for support when agents need it, We are pleased to introduce a new way for our agents to engage with the LBIG team to grow and manage their business." - Marty Martin, President at Liberty Bankers Insurance Group. With LBIG's Agent Portal, contracted agents have online access to relevant information, resources, and reports that they need to manage their LBIG book of business. The site provides easy access to agent and client information including policies, documents, reporting, commissions, and product specifications. LBIG's Agent Portal simplifies the way our agents do business, In this competitive marketplace, data visualization is critical to thriving and our new Agent Portal gives our agents the tools to better understand their client portfolio.said David Kessler, senior vice president of technology at Liberty Bankers Insurance Group. The Agent Portal features a dynamic dashboard that provides secure access to key performance indicators and metrics for an agent's business and downline agents. At LBIG, we strive to meet agents' digital needs, Whether working from home, the office, or the road, the Agent Portal is right at your fingertips allowing agents to quickly and efficiently access information related to their clients and business.said Brian Clark, chief marketing officer at Liberty Bankers Insurance Group. Liberty Bankers Insurance Group plans to implement this technology to its other business lines in the future. About Liberty Bankers Insurance Group Based in Dallas, Texas, Liberty Bankers Insurance Group (LBIG) is a nationally recognized and respected insurance group that offers a variety of life, health, and financial products. Rated A- Excellent by AM Best, LBIG is comprised of American Monumental Life Insurance Company, American Benefit Life Insurance Company, Capitol Life Insurance Company, and Liberty Bankers Life Insurance Company.

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LIFE INSURANCE

OneAmerica® Launches Variable Universal Life Insurance

OneAmerica | September 21, 2022

The companies of OneAmerica announce the expansion of their product portfolio to offer OneAmerica® Variable Universal Life (VUL) insurance. Distributed through the Individual Life and Financial Services (ILFS) line of business, this new product provides customers with a strong vehicle for protection, while also offering them the opportunity to invest in the financial markets. VUL customers have the flexibility to use the policy for life insurance protection, cash value accumulation or other financial needs. "We're excited to bring our unique VUL product to today's marketplace, The product's guarantees and transparency make it an attractive, new option for people to help protect their loved ones and create an opportunity for potential financial growth." -Dennis Martin, president of ILFS The OneAmerica VUL life insurance policy includes a guaranteed death benefit provision and fully guaranteed policy charges, which are first-of-its-kind in the VUL space. These guarantees offer customers confidence that their policy charge structure won't change in the future. They also add an additional layer of protection against policy lapse and loss of the death benefit. In addition, the OneAmerica VUL offers two investment-related differentiators to the marketplace. The product offers a low-cost, transparent fund lineup of well-known industry asset managers, and it includes two defined outcome funds — again, a first in the industry for a VUL product. The investment lineup offers customers more than 50 diverse investment options, customizable to their portfolios and goals. These innovations reflect the client-centered approach that OneAmerica brings to the marketplace. VUL will give our distribution channels a strong product to match the needs of new and existing customers, Ultimately, our VUL is a robust product built on our strong foundation and commitment to deliver on our promises when customers need us most,said Mark Scalercio, senior vice president and head of distribution for ILFS. The new product also includes extra protection and added benefits through optional riders. OneAmerica VUL is currently available through the OneAmerica career agency distribution channel in all states except California, Florida, New York, North Dakota and South Dakota. About OneAmerica A national provider of insurance and financial services for more than 140 years, the companies of OneAmerica help customers build and protect their financial futures. OneAmerica offers a variety of products and services to serve the financial needs of their policyholders and customers. These products include retirement plan products and recordkeeping services, individual life insurance, annuities, asset-based long-term care solutions and employee benefit plan products. Products are issued and underwritten by the companies of OneAmerica and distributed through a nationwide network of employees, agents, brokers and other sources who are committed to providing value to our customers.

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CORE INSURANCE

Tokio Marine establishes strategic partnership with Arbor Ventures to accelerate innovation in the insurance industry

Tokio Marine and Arbor Ventures | August 12, 2022

Tokio Marine Asia Pte. Ltd. today announced a strategic partnership with Arbor Ventures, a leading global Fintech / InsurTech-focused venture capital firm, headquartered in Singapore. This partnership, established through its Innovation Lab in Singapore, marks Tokio Marine's commitment to accelerating the digital transformation of the global insurance industry. The Tokyo-headquartered insurance group has been promoting transformational digital initiatives on a global basis, leveraging on collaborations with startups and service providers with key strategic capabilities. To accelerate the identification and development of new business models, Tokio Marine Holdings, Inc. (Tokio Marine Holdings) has announced earlier in April 2022 on the launch of its corporate venture capital (CVC) fund partnering with World Innovation Lab, Tokio Marine Future Fund, to invest in early-stage startups. Tokio Marine will identify and invest directly in high-growth potential startups through the CVC Fund in addition to partnering with Arbor and other leading VCs for unique insights and access to promising startups leading the digital transformation in Insurance. Arbor's addition to Tokio Marine's group of collaborative VCs significantly heightens its future opportunities. Arbor is a global FinTech/InsurTech-focused VC with offices in Singapore, USA, Japan as well as a presence in EMENA. Arbor's global connectivity and portfolio as well as its engagement in local markets will further enable Tokio Marine group's innovation labs, spread across seven cities, including Singapore, to collaborate broadly with synergy beyond borders. "Arbor's target to create the future of FinTech resonates with Tokio Marine's digital strategy. With Arbor's network and astute scouting of startups with strong potential in the FinTech space, it will greatly complement Tokio Marine's collaborative efforts to serve innovative products and services in insurance industry and beyond." -Masashi Namatame, Group Chief Digital Officer at Tokio Marine Holdings Melissa Guzy, Managing Partner of Arbor Ventures, similarly commented: Tokio Marine is a world-renowned leader that Arbor is proud to add as a strategic partner in building the future of FinTech / InsurTech. Arbor looks forward to building the next generation of transformational InsurTech startups together. About Tokio Marine Group Tokio Marine was established in the year 1879 as the first insurance company in Japan and has grown over the decades, now offering an extensive selection of General and Life insurance products and solutions in 46 countries and regions worldwide. About Arbor Ventures Founded in 2013, Arbor Ventures is a global investment firm focused on companies that leverage advanced technologies such as artificial intelligence, cloud computing, composable service offerings and blockchain applications to facilitate, broaden or fundamentally change the way financial services are served, consumed, and managed. Arbor uses its global vantage point, extensive network and deep sector knowledge to identify key trends and partner closely with leading entrepreneurs to build transformational companies. Notable investments include Paidy, True Accord, Forter, Nomi Health, Tabby, Fundbox and HiBob.

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