The Society of Actuaries (SOA) announced a refreshed brand identity, along with a new logo. Through research and education, the SOA works to advance the actuarial profession and to improve decision making to benefit society. The refreshed brand establishes a consistent identity, which will be featured everywhere from SOA.org to its award-winning magazine, The Actuary. The SOA logo’s infinity symbol reflects how the organization continually evolves to produce forward-thinking education, cutting-edge research and professional development opportunities. The shield represents a strong foundation, bound by standards and principles, to protect the value of the SOA credential and the interests of the communities served. The SOA’s history traces back to the formation of the Actuarial Society of America in 1889. This organization merged with the American Institute of Actuaries in 1949 to create the SOA. The SOA will continue to use its traditional seal for official documents.
Symetra Life Insurance Company posted record total annuity sales during the second quarter 2015 — exceeding $1 billion in quarterly annuity sales for the first time. Symetra’s fixed indexed annuities (FIAs) also posted record sales, with the highest quarterly production figures since the product launched in April 2011. Introduced in March 2015, Symetra Edge Plus Fixed Indexed Annuity and Symetra Edge PremierFixed Indexed Annuityare designed to help meet the needs of today’s retirement customers, who are looking for ways to protect their money but still want some opportunity for growth potential. Both Edge Plus’s and Edge Premier’s indexed account options, including the JPMorgan ETF Efficiente 5(SM) Index, provide a selection of interest crediting opportunities based on indexes composed of a diverse array of asset classes, including domestic and foreign equities and more. Symetra Edge Plus is available through select banks and broker-dealers. For more information, visit Symetra.com.
On the Ward’s 50 list:
The Ward Group, based in Cincinnati, OH and an Aon Hewitt company, ranks benchmarking and best practices services for the insurance industry. The Ward’s 50 list is published annually.
Amalgamated Life Insurance Company, a provider of life and health insurance, has been named one of the 2015 Ward’s 50 group of the nation’s top performing life-health insurance companies. According to Ward Group Partner and Head Jeffrey J. Rieder, “Based on Ward’s annual analysis of the life-health industry, Amalgamated Life Insurance Company is being recognized for achieving outstanding financial results in the areas of safety, consistency and performance over a five year period, from 2010-2014.”
Forethought Life Insurance Company, a subsidiary of Global Atlantic Financial Group Limited, once again has earned a spot on the Ward’s 50 list of top life and health insurance companies. This is the sixth consecutive year that Forethought, an annuity and preneed life insurance business, has been included on this list.
What Your Peers Are Reading
The Professional Insurance Marketing Association (PIMA) named the winners of its annual Marketing Methods competition at the 2015 PIMA MidYear Meeting and Trade Show. Prudential was awarded the “Best of PIMA” in the New Media category. Their strategy used a digital “personality” to engage millennial CPAs in a dynamic online conversation that used humor and created a highly personalized purchasing experience that led to product decisions they felt invested in. PIMA Marketing Methods awards are presented to member companies for direct marketing efforts that display outstanding marketing and creative strategies that deliver banner, measurable results. For more details or to see all of the winners, visit their website here.