Insurers paid out $13.25 Billion in long term care insurance claims during 2022 according to a new report released this week by the American Association for Long-Term Care Insurance (AALTCI). “Consumers need to understand that long-term care insurance companies have paid benefits to millions of Americans over the past decades,” says Jesse Slome, AALTCI’s director. “In fact, each year, insurers pay more in claim benefits to more beneficiaries than the prior year.” According to Slome, some $12.3 Billion in claim benefits was paid out in 2021. “The over $1 Billion increase…
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Voluntary Advantage is excited to formally announce the following members of their Editorial Board
Voluntary Advantage is thrilled to introduce the esteemed members of our Editorial Board and give readers insider knowledge into their expertise in the Voluntary Benefits industry. The team includes well-renowned individuals who are dedicated to providing their unique perspectives on important topics within the Voluntary Benefits market. We look forward to working with them in producing content for The Voluntary Benefits Voice publication. Jennifer Daniel, Vice President of Group Distribution Strategy and Partnerships at Aflac. Jennifer is a proven leader in the insurance industry specializing in benefits technology and strategic…
Read MoreMployer Advisor Selected as Key Contributor to Voluntary Advantage’s The Voluntary Benefits Voice Publication
Voluntary Advantage is excited to announce that Mployer Advisor will be a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”. Mployer Advisor is the nation’s leading marketplace that is changing the way employers search, evaluate, and select insurance brokers. Mployer Advisor offers the industry’s first independent benefit bench-marking, Mployer Insights, with 150+ different data points for employers to benchmark their benefits plan against companies in their industry, region, and similar employer size. The analytics evaluate benefit design, cost, leave benefits, voluntary benefits, and…
Read MoreVoluntary Advantage Welcomes Key Contributor For Their Monthly Publication
November 29, 2022 / Denver, Colorado: Voluntary Advantage is excited to announce Sydney Consulting as a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”. Sydney is an Actuarial and Compliance consulting firm that specializes in the supplemental benefits market. Sydney works with a gamut of insurance carriers; from Fortune 500 insurance titans to closely held market disruptors, providing end-to-end solutions for bringing products to market. Their services include product development, pricing, valuation, forms construction, rate and form filing, legal research, objection responses, technology…
Read MoreTurkey to require proof of insurance from oil tankers
This move is expected to add bite to the sanctions from the international community against Russia. Turkey has announced that it will begin requiring that oil tankers making their way through the Bosporus shipping strait must provide proof of insurance. This step could prove challenging to the massive crude exports coming from Russia. Ships carrying crude through that waterway will need to present an official insurer’s letter. The oil tanker proof of insurance will need to state that the insurer is willing to provide adequate coverage for that specific vessel,…
Read MoreVoluntary Advantage is bringing the Voluntary Benefits industry together
November 21, 2022 / Denver, Colorado – Voluntary Advantage is a newly formed entity that has been created to bring the Voluntary Benefits industry together and promote innovation and the open share of ideas, strategies, and information. Voluntary Advantage was founded by Trevor & Heather Garbers and will publish a monthly magazine titled “Voluntary Benefits Voice” which will feature articles on important topics in our industry today including: trends, compliance, strategies, carrier news, product releases, and more. The Voluntary Advantage website (www.voluntary-advantage.com) will publish a Calendar of Events sharing information…
Read MoreInsurTech NY Opens Third Annual Early-Stage InsurTech Competition
InsurTech NY has opened the application window for its third annual InsurTech Early-Stage Competition (www.insurtechny.com/competition). Three winning teams will split $200,000 in prizes. InsurTech startups will be selected as finalists based on their growth potential and market opportunity. The top teams will be invited to present at the InsurTech Spring Conference held on March 7th at the New York Marriott Marquis. Finalists from the previous years’ competitions gained broad industry recognition and were able to raise investment rounds shortly following the competition conclusion. Honeycomb Insurance (2020) and Delos Insurance (2021)…
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