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How insurance professionals can get into trouble with AI

We have all learned that AI can be wrong, but individuals assume liability if they propagate that information.

New south walesNew yorkUnited statesKevin rooseJuliana neelbauerStevena morelliMonica minkelHolmes murphyDavida schweidelGil appelSam altmanNew york timesHarvard business reviewIntellectual property

Income tops annuity buyers reasons for purchase, study says

Income tops annuity buyers reasons for purchase, study says
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Matthew drinkwaterStevena morelliMarc rowanSociety of actuariesGreenwald researchRetirement income researchVice presidentDeferred annuityYounger generations

FINRA boots SW Financial in first Reg BI expulsion

New York-based Salomon Whitney Financial did not disclose fees and failed to monitor churning despite a long history of violations, according to a FINRA order.

United statesState of connecticutNew yorkStevena morelliThomas diamanteChristopherj kellyDepartment of enforcementRegulation best interestWhitney financialSecurities actExchange actConsent orderSenior vice presidentActing head

Apollo expects to pull wealthy investors into alternatives with new annuity, investment vehicle

Apollo Global Management has high hopes for two new products it expects will interest high-net-worth investors in alternative investments.

Stevena morelliMarc rowanScott kleinmanGlobal managementApollo aligned alternativesPresident scott kleinmanAthene altitude

Will AG 49-B be a May Day or meh day for IUL illustrations?

As Actuarial Guideline 49-B takes effect, some predict a indexed universal sales hit while others don’t see much change in illustrated rates.

Stevena morelliEversheds sutherlandGregory rohtsteinSheryl mooreNational association of insuranceWink incNational associationInsurance commissioner actuarial guidelineInsurance illustrations model regulationModel regulation

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