Innovating Support for Members
At LIMRA and LOMA, our purpose is to advance the financial services industry by empowering our members with knowledge, insights, connections, and solutions.
We continue launching innovative programs to help our members understand the evolving market dynamics and create effective strategies for growth.
LIMRA and LOMA: Empowering Our Members
Advancing the financial services industry by empowering our members with knowledge, insights, connections, and solutions
For more than a century, we’ve served as the largest trade association supporting the insurance and related financial services industry. Today, we’re working with over 700 member companies around the world to help them understand industry trends, inform their strategies, develop their talent, and create solutions that advance the industry.
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This semi-weekly newsletter showcases important global financial services industry updates and links to related LIMRA, LOMA, and SRI resources. Please subscribe to receive Industry news2use in your inbox on Tuesdays and Thursdays.
News from LIMRA
LIMRA: Registered Index-Linked Annuity Sales Break Quarterly Sales Record Again
For the second consecutive quarter, registered index-linked annuity (RILA) products set a new sales record. RILA sales were $12.6 billion, up 19% year-over-year and 11% higher than the prior record-setting quarter, according to LIMRA’s Third Quarter 2023 U.S. Retail Annuity Sales Survey.
Read the ReleaseIndustry Trends Articles
LIMRA forecasts annuity products offering investment protection will continue to drive sales growth
Favorable economic conditions, demographic shifts, and greater consumer demand for lifetime retirement income and investment protection have propelled annuity sales growth over the past two years. In 2022, annuity sales totaled a record high $313 billion. At the end of 2023, LIMRA is projecting sales to exceed $350 billion, largely based on strong fixed annuity sales.
Read the PostFrom Hire to Retire
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