Forethought Life Insurance Company has been named to Ward’s 2013 list of 50 top performing life and health insurers for the fourth year in a row.
Ward Group, a Aon Hewitt company, provides information on benchmarking and best practices for insurers.
Forethought Life Insurance Company, a subsidiary of Forethought Group, Inc., sells annuity and life insurance products that are tailored to the needs of seniors. The products are designed to allow them to overcome financial challenges in old age.
Forethought received this year’s designation while implementing their growth strategy in the annuity marketplace.
Ward bases its designations on financial performance. After analyzing 800 companies, the 50 that were chosen met their criteria regarding thresholds of assets and return levels as well as safety and consistency tests.
A recent report by industry information provider Novarica, found that annuity carriers, already struggling in an unpredictable equity market, are pouring their resources into technology investments in order to get ahead of their competitors.