Massachusetts Mutual Life Insurance Company (MassMutual) announced that it has again been recognized by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, as a 2015 World’s Most Ethical Company®. This marks the second consecutive year that MassMutual has been named a World’s Most Ethical Company. In 2014, MassMutual was the first mutual company in the life insurance industry category to be honored with this distinction. This year, the company remains the only mutual named World’s Most Ethical in the life insurance industry category. The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework developed over years of research to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.
Aflac (NYSE: AFL), a provider of voluntary insurance at the work site in the U.S., announced that it is introducing One Day Pay(SM), a trailblazing initiative that allows the company to receive, process, approve and disburse payment to policyholders for eligible claims within just one business day. If Aflac policyholders follow a few simple steps, they can receive their benefits faster than ever before. The company is not only processing claims faster, but also simplifying the claims submission process for policyholders. Aflac SmartClaim®, the company’s online claims submission system, removes the guesswork for policyholders and provides easy-to-answer questions to guide users step-by-step through the process. Once the questions are answered, SmartClaim identifies the supporting documents the policyholder needs to upload. With a few clicks of a mouse, the claim is submitted and processing begins.
V12 Group, a provider of data and a multi-channel digital marketing cloud, announced a white label partnership with global reinsurer Swiss Re. Through this exclusive partnership, Swiss Re will deploy V12 Group’s proprietary marketing platform, Launchpad Marketing Cloud, allowing Swiss Re’s clients to select prospects and policyholder audiences to market life insurance through email, display advertising, social media, mobile, and direct mail channels. V12 Group reveals the industry’s first fully branded, multi-channel marketing cloud with Swiss Re’s segmentation algorithms embedded. The branded platform will give Swiss Re clients exclusive access to The V12 Group Data Cloud, a powerful data resource comprised of more than four billion consumer, business, automotive, and digital records, providing Swiss Re’s insurance carrier clients with a simple-yet-powerful marketing execution vehicle to leverage these proprietary Swiss Re algorithms.
SCOR Global Life has entered into a longevity insurance transaction with Sun Life Assurance Company of Canada (Sun Life). The transaction, which is a first in the Canadian market, covers benefits in payment for pensioners who are members of the Bell Canada (BCE Inc.) pension plan. The risk of these members living longer is transferred from BCE Inc’s pension scheme to Sun Life and two reinsurers. The associated liabilities are approximately $5 billion CAD, which makes this transaction one of the largest pension scheme longevity insurance transactions completed globally. SCOR Global Life is assuming a significant portion of this risk. The effective date of the transaction is 1 January 2015.
New York Life was recently named to Training magazine’s Top 125 and Chief Learning Officer magazine’s LearningElite for excellence in employer-sponsored training and development programs. New York Life was named to Training magazine’s Top 125 based on benchmarking statistics including total training budget; percentage of payroll; number of training hours per employee program; goals, evaluation, measurement, and workplace surveys; hours of training per employee annually; and detailed formal programs. Chief Learning Officer magazine’s 2015 LearningElite honors the best organizations for learning and employee development. New York Life was recognized for its efforts in functional areas including leadership development, use of technology, executive buy-in, and content development and delivery, among others.
The Insured Retirement Institute (IRI) announced that the IRI Marketing Summit 2015 will take place March 25-27 at the Gaylord National Resort and Conference Center near Washington, D.C. The IRI Marketing Summit is the premier conference for marketing, product development and sales professionals in the insured retirement industry.
Peyton Manning, Quarterback, Denver Broncos; Spokesman, Nationwide Financial