Latest news with #UniversalLifeInsurance
Yahoo
12-06-2025
- Business
- Yahoo
Universal Life Insurance Industry Report 2025: Embedded Insurance Models in Wealth Management Platforms Drive Adoption
This report offers a comprehensive analysis of market trends, drivers, and forecasts, highlighting the impact of recent global tariff developments. Universal Life Insurance is becoming popular as a flexible wealth protection strategy, appealing for its adaptable premiums and investment-linked savings potential. The report delves into the digital transformation in policy delivery and regulatory trends shaping product structures. Key insights include the growth of Indexed Universal Life Insurance, projected to reach US$58.6 Billion by 2030. Universal Life Insurance Market Dublin, June 12, 2025 (GLOBE NEWSWIRE) -- The "Universal Life Insurance - Global Strategic Business Report" has been added to global market for Universal Life Insurance was valued at US$63.7 Billion in 2024 and is projected to reach US$95.3 Billion by 2030, growing at a CAGR of 7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Universal Life Insurance market. Why Is Universal Life Insurance Gaining Traction as a Flexible Wealth Protection Strategy?Universal life insurance (ULI) has steadily gained ground among consumers seeking both long-term financial protection and investment-linked savings potential. Unlike term or whole life insurance, ULI offers flexible premiums, adjustable death benefits, and a cash value component that earns interest over time. This hybrid functionality allows policyholders to tailor their coverage as life stages or income situations evolve - making it an attractive choice for individuals, families, and business owners. As global financial literacy increases and consumers take a more active role in financial planning, demand for products that combine insurance with tax-deferred savings is rising. In developed economies, ULI is being used for estate planning, retirement income supplementation, and inheritance management. In emerging markets, rising disposable income and a growing middle class are expanding the customer base for life insurance products with long-term wealth-building features. The increasing volatility in job markets and healthcare costs is also driving consumers to seek customizable insurance instruments that provide more than just fixed-term Are Digitalization and Fintech Partnerships Transforming Policy Delivery and Engagement?Digital transformation is reshaping the way universal life insurance is marketed, purchased, and managed. Online policy illustrations, AI-driven financial needs assessments, and robo-advisory tools are improving customer education and reducing friction in the buying process. Insurers are integrating ULI products into mobile-first platforms where consumers can compare, customize, and purchase policies in real time. Moreover, digital payment gateways and automated underwriting are making premium collection and risk assessment faster and more accurate, particularly in younger and tech-savvy demographic segments. Insurtech partnerships are also driving innovation in data analytics, helping providers create dynamic policies that respond to real-time financial behavior, health tracking data, or market performance. Policyholders can now view their cash value growth, adjust premiums, or initiate loans against policies directly through self-service portals. These digital enablers are expanding access, improving transparency, and making ULI policies more interactive, which enhances engagement and retention rates across a broader spectrum of Regulatory, Investment, and Economic Trends Are Shaping Product Structure and Distribution?Universal life insurance is increasingly being influenced by regulatory oversight around transparency, disclosure, and consumer protection - particularly with regard to fees, interest crediting, and policy illustrations. In North America and parts of Asia, new standards such as the NAIC's AG 49-A guideline are setting tighter limits on hypothetical performance projections, compelling insurers to present more realistic scenarios. Investment-linked ULI policies are also affected by financial market fluctuations, as cash value returns are often tied to interest rates or indexed performance. As central banks adjust interest rates in response to inflation, insurers are recalibrating policy pricing and minimum guaranteed returns. Economic uncertainty and rising demand for low-volatility savings options are pushing providers to develop fixed interest or guaranteed universal life variants, targeting more risk-averse segments. On the distribution front, insurers are diversifying beyond traditional agents and brokers to digital aggregators, bancassurance partnerships, and workplace benefit platforms - widening the product's accessibility and appeal across socio-economic groups and life ScopeThe report analyzes the Universal Life Insurance market, presented in terms of market value. The analysis covers the key segments and geographic regions outlined Type (Indexed Universal Life Insurance, Variable Universal Life Insurance, Guaranteed Universal Life Insurance) Distribution Channel (Direct Sales, Brokers / Agents, Other Distribution Channels) Key Insights: Market Growth: Understand the significant growth trajectory of the Indexed Universal Life Insurance segment, which is expected to reach US$58.6 Billion by 2030 with a CAGR of a 8.2%. The Variable Universal Life Insurance segment is also set to grow at 4.8% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $17.3 Billion in 2024, and China, forecasted to grow at an impressive 11.1% CAGR to reach $20.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as AIA Group, Allianz SE, Aviva plc, AXA, China Life Insurance Company and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Tariff Impact Analysis: Key Insights for 2025Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and Attributes: Report Attribute Details No. of Pages 276 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $63.7 Billion Forecasted Market Value (USD) by 2030 $95.3 Billion Compound Annual Growth Rate 7.0% Regions Covered Global Key Topics Covered: MARKET OVERVIEW World Market Trajectories Universal Life Insurance - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) FOCUS ON SELECT PLAYERS Some of the 39 companies featured in this Universal Life Insurance market report include: AIA Group Allianz SE Aviva plc AXA China Life Insurance Company Corebridge Financial Guardian Life John Hancock Lincoln Financial Group Manulife Financial MetLife National Life Group New York Life Insurance North American Company Pacific Life Penn Mutual Life Insurance Protective Life Prudential Financial Sun Life Financial Transamerica Corporation MARKET TRENDS & DRIVERS Rising Demand for Flexible Insurance Solutions Drives Growth of Universal Life Policies Aging Population and Wealth Transfer Needs Expand Addressable Market Opportunity Integration of Digital Platforms and Robo-Advisors Strengthens Business Case for Policy Customization Regulatory Reforms in Financial Advisory Services Drive Market Transparency and Growth Interest Rate Volatility and Inflation Risk Throw the Spotlight on Investment-Linked Policies Tax-Efficient Wealth Planning Needs Spur Demand for Indexed Universal Life Products Increasing Financial Literacy Among Millennials Generates Long-Term Policy Demand Embedded Insurance Models in Wealth Management Platforms Drive Adoption ESG Investing Trends Create Demand for Sustainable Policy Fund Options AI-Based Underwriting and Customer Insights Propel Innovation in Product Design Cross-Border Estate Planning Complexity Expands Opportunities for Premium Universal Life Products Life Expectancy Improvements Sustain Long-Term Value Proposition of Lifetime Coverage For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Universal Life Insurance Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Al Bawaba
26-03-2025
- Business
- Al Bawaba
Continental celebrates 30-year legacy with 26% premium growth in 2024, expanding total active insurance coverage to $6.9 billion
Continental Group, a leading insurance intermediary and financial services provider, entered its 30th year of operations with significant growth across key metrics in 2024, reinforcing its position as a trusted partner in wealth management and insurance solutions in the Middle East. The company recorded a 26% increase in premiums, reaching $124 million from $98 million. Continental's total coverage for life clients grew by 5% in 2024, adding $800 million to the existing coverage. The firm now has nearly $6.9 billion in active life coverage under management, which has resulted in greater financial security for thousands of families and businesses, ensuring they have the support needed to navigate life's uncertainties with confidence. 'Continental Group's legacy is a story of thousands of families safeguarded, aspirations turned into reality, and three decades of trust garnered in the Middle East,' said Ashok Sardana, Founder & Managing Director, Continental Group. 'Since 1994, our mission has been to provide not just financial solutions, but peace of mind and long-term stability for families and businesses. That principle will continue to guide us as we move into the next phase of Continental's growth.' The firm's role in securing financial stability was underscored by $7.4 million in claims processed in 2024, including $3.2 million in non-motor claims and $2.4 million in motor claims and $1.7 million life and critical insurance claims ensuring clients receive timely support when they need it most. These payouts have provided crucial financial relief during unexpected crises, helping clients focus on recovery instead of financial st/rain. Continental's growth was driven by a sharper focus on personalized financial strategies, cross-border wealth structuring, and an evolving approach to lifetime client relationships. As the firm expanded, it strengthened its advisory framework in multi-jurisdictional wealth management, offering solutions such as Universal Life Insurance and Critical Illness coverage through its DIFC-licensed entity, CFS DIFC Limited. Continental's sustained momentum was recognized with the Top Producer Award by one of its partners, highlighting its ability to deliver results for clients and partners. Continental also continued its longstanding tradition of giving back in 2024, distributing 500 Iftar meals to workers in Jebel Ali during Ramadan and taking part in the Dubai Charity Association's 3.5-kilometer walk to raise awareness about diabetes. Beyond financial success, Continental remains dedicated to social impact. A larger mission in the region for the Continental Group has also been to empower people, especially women, to achieve financial literacy and inclusion. Through its events, webinars and podcasts, the Continental Group has long aligned with several apex bodies that have flown the flag for a more inclusive economy in the region. The firm hosted two financial education seminars in 2024 and will expand this initiative in 2025 with quarterly sessions, making wealth management education more accessible. With three decades of experience behind it, Continental Group's next phase of growth will see it integrating technology-driven solutions and deepening client engagement. The firm plans to expand its team size by 20%, strengthening its advisory division with specialist Wealth Managers and Financial Advisors, while also creating pathways for new entrants to the industry through structured training and development programs. It will also accelerate its digital transformation by introducing AI-driven advancements in cybersecurity, automation, and portfolio management to enhance security and provide real-time insights for clients and advisors. 'This 30th anniversary celebrates the relationships we've built and lives we've touched. Our commitment goes beyond just offering solutions. We have been building a framework that ensures financial security across generations. As we move forward, transparency, and a client-first approach will remain at the core of everything we do," said Akshay Sardana, SEO, Executive Director, CFS DIFC Limited.
Mid East Info
25-03-2025
- Business
- Mid East Info
Continental celebrates 30-year legacy with 26% premium growth in 2024, expanding total active insurance coverage to $6.9 billion
DIFC-licensed firm strengthens its market position amid rising demand for wealth and succession planning March 25, Dubai, UAE: Continental Group, a leading insurance intermediary and financial services provider, entered its 30th year of operations with significant growth across key metrics in 2024, reinforcing its position as a trusted partner in wealth management and insurance solutions in the Middle East. The company recorded a 26% increase in premiums, reaching $124 million from $98 million. Continental's total coverage for life clients grew by 5% in 2024, adding $800 million to the existing coverage. The firm now has nearly $6.9 billion in active life coverage under management, which has resulted in greater financial security for thousands of families and businesses, ensuring they have the support needed to navigate life's uncertainties with confidence. 'Continental Group's legacy is a story of thousands of families safeguarded, aspirations turned into reality, and three decades of trust garnered in the Middle East,' said Ashok Sardana, Founder & Managing Director , Continental Group. 'Since 1994, our mission has been to provide not just financial solutions, but peace of mind and long-term stability for families and businesses. That principle will continue to guide us as we move into the next phase of Continental's growth.' The firm's role in securing financial stability was underscored by $7.4 million in claims processed in 2024, including $3.2 million in non-motor claims and $2.4 million in motor claims and $1.7 million life and critical insurance claims ensuring clients receive timely support when they need it most. These payouts have provided crucial financial relief during unexpected crises, helping clients focus on recovery instead of financial strain. Continental's growth was driven by a sharper focus on personalized financial strategies, cross-border wealth structuring, and an evolving approach to lifetime client relationships. As the firm expanded, it strengthened its advisory framework in multi-jurisdictional wealth management, offering solutions such as Universal Life Insurance and Critical Illness coverage through its DIFC-licensed entity, CFS DIFC Limited. Continental's sustained momentum was recognized with the Top Producer Award by one of its partners, highlighting its ability to deliver results for clients and partners. Continental also continued its longstanding tradition of giving back in 2024, distributing 500 Iftar meals to workers in Jebel Ali during Ramadan and taking part in the Dubai Charity Association's 3.5-kilometer walk to raise awareness about diabetes. Beyond financial success, Continental remains dedicated to social impact. A larger mission in the region for the Continental Group has also been to empower people, especially women, to achieve financial literacy and inclusion. Through its events, webinars and podcasts, the Continental Group has long aligned with several apex bodies that have flown the flag for a more inclusive economy in the region. The firm hosted two financial education seminars in 2024 and will expand this initiative in 2025 with quarterly sessions, making wealth management education more accessible. With three decades of experience behind it, Continental Group's next phase of growth will see it integrating technology-driven solutions and deepening client engagement. The firm plans to expand its team size by 20%, strengthening its advisory division with specialist Wealth Managers and Financial Advisors, while also creating pathways for new entrants to the industry through structured training and development programs. It will also accelerate its digital transformation by introducing AI-driven advancements in cybersecurity, automation, and portfolio management to enhance security and provide real-time insights for clients and advisors. 'This 30th anniversary celebrates the relationships we've built and lives we've touched. Our commitment goes beyond just offering solutions. We have been building a framework that ensures financial security across generations. As we move forward, transparency, and a client-first approach will remain at the core of everything we do,' said Akshay Sardana, SEO, Executive Director, CFS DIFC Limited. About Continental Group The Continental Group is a leading insurance intermediary and financial services solutions provider in the GCC region. Licensed by the Insurance Authority, the Securities and Commodities Authority (SCA) of the UAE, and DFSA (CFS DIFC Limited DIFC Limited from The Continental Group is regulated by the DFSA), the group represents reputed multinational and local insurance and financial institutions. Founded in 1994, Continental is the brainchild of Ashok Sardana, who built the company on three pillars: Integrity, insight and innovation. Continental's unparalleled industry experience, embodied by a team of over 250 highly-qualified professionals, has enabled its expansion across Europe, Middle East and Asia. Its stellar track record of fostering life-time, meaningful relationships with customers is rooted in its ability to provide tailor-made, personalized solutions. It is a household name for all financial and insurance solutions at any stage of one's life: Investments, savings, wealth creation, legacy, succession and protection planning, life, health, employee benefits, auto, home, and travel. The Continental Group has also been actively advocating for financial freedom & independence, financial inclusion, ESG investing, and wellbeing, through its popular podcast 'Dollars, Dirhams and Our Two Financial Cents'. For more information or interviews, please contact: Your Wordsmiths – Content & PR Neha Kaul 0504507068 neha@
Khaleej Times
25-03-2025
- Business
- Khaleej Times
Continental records 26% premium growth in 2024, expanding total active insurance coverage to $6.9b
Continental Group, a leading insurance intermediary and financial services provider, entered its 30th year of operations with significant growth across key metrics in 2024, reinforcing its position as a trusted partner in wealth management and insurance solutions in the Middle East. The company recorded a 26% increase in premiums, reaching $124 million from $98 million. Continental's total coverage for life clients grew by 5% in 2024, adding $800 million to the existing coverage. The firm now has nearly $6.9 billion in active life coverage under management, which has resulted in greater financial security for thousands of families and businesses, ensuring they have the support needed to navigate life's uncertainties with confidence. 'Continental Group's legacy is a story of thousands of families safeguarded, aspirations turned into reality, and three decades of trust garnered in the Middle East,' said Ashok Sardana, Founder & Managing Director, Continental Group. 'Since 1994, our mission has been to provide not just financial solutions, but peace of mind and long-term stability for families and businesses. That principle will continue to guide us as we move into the next phase of Continental's growth.' The firm's role in securing financial stability was underscored by $7.4 million in claims processed in 2024, including $3.2 million in non-motor claims and $2.4 million in motor claims and $1.7 million life and critical insurance claims ensuring clients receive timely support when they need it most. These payouts have provided crucial financial relief during unexpected crises, helping clients focus on recovery instead of financial strain. Continental's growth was driven by a sharper focus on personalized financial strategies, cross-border wealth structuring, and an evolving approach to lifetime client relationships. As the firm expanded, it strengthened its advisory framework in multi-jurisdictional wealth management, offering solutions such as Universal Life Insurance and Critical Illness coverage through its DIFC-licensed entity, CFS DIFC Limited. Continental's sustained momentum was recognized with the Top Producer Award by one of its partners, highlighting its ability to deliver results for clients and partners. Continental also continued its longstanding tradition of giving back in 2024, distributing 500 Iftar meals to workers in Jebel Ali during Ramadan and taking part in the Dubai Charity Association's 3.5-kilometer walk to raise awareness about diabetes. Beyond financial success, Continental remains dedicated to social impact. A larger mission in the region for the Continental Group has also been to empower people, especially women, to achieve financial literacy and inclusion. Through its events, webinars and podcasts, the Continental Group has long aligned with several apex bodies that have flown the flag for a more inclusive economy in the region. The firm hosted two financial education seminars in 2024 and will expand this initiative in 2025 with quarterly sessions, making wealth management education more accessible. Continental Group's next phase of growth will see it integrating technology-driven solutions and deepening client engagement. The firm plans to expand its team size by 20%, strengthening its advisory division with specialist Wealth Managers and Financial Advisors, while also creating pathways for new entrants to the industry through structured training and development programs. It will also accelerate its digital transformation by introducing AI-driven advancements in cybersecurity, automation, and portfolio management to enhance security and provide real-time insights for clients and advisors. 'This 30th anniversary celebrates the relationships we've built and lives we've touched. Our commitment goes beyond just offering solutions. We have been building a framework that ensures financial security across generations. As we move forward, transparency, and a client-first approach will remain at the core of everything we do,' said Akshay Sardana, SEO, Executive Director, CFS DIFC Limited.
Zawya
25-03-2025
- Business
- Zawya
Continental celebrates 30-year legacy with 26% premium growth in 2024, expanding total active insurance coverage to $6.9bln
Dubai, UAE: Continental Group, a leading insurance intermediary and financial services provider, entered its 30th year of operations with significant growth across key metrics in 2024, reinforcing its position as a trusted partner in wealth management and insurance solutions in the Middle East. The company recorded a 26% increase in premiums, reaching $124 million from $98 million. Continental's total coverage for life clients grew by 5% in 2024, adding $800 million to the existing coverage. The firm now has nearly $6.9 billion in active life coverage under management, which has resulted in greater financial security for thousands of families and businesses, ensuring they have the support needed to navigate life's uncertainties with confidence. 'Continental Group's legacy is a story of thousands of families safeguarded, aspirations turned into reality, and three decades of trust garnered in the Middle East,' said Ashok Sardana, Founder & Managing Director, Continental Group. 'Since 1994, our mission has been to provide not just financial solutions, but peace of mind and long-term stability for families and businesses. That principle will continue to guide us as we move into the next phase of Continental's growth.' The firm's role in securing financial stability was underscored by $7.4 million in claims processed in 2024, including $3.2 million in non-motor claims and $2.4 million in motor claims and $1.7 million life and critical insurance claims ensuring clients receive timely support when they need it most. These payouts have provided crucial financial relief during unexpected crises, helping clients focus on recovery instead of financial strain. Continental's growth was driven by a sharper focus on personalized financial strategies, cross-border wealth structuring, and an evolving approach to lifetime client relationships. As the firm expanded, it strengthened its advisory framework in multi-jurisdictional wealth management, offering solutions such as Universal Life Insurance and Critical Illness coverage through its DIFC-licensed entity, CFS DIFC Limited. Continental's sustained momentum was recognized with the Top Producer Award by one of its partners, highlighting its ability to deliver results for clients and partners. Continental also continued its longstanding tradition of giving back in 2024, distributing 500 Iftar meals to workers in Jebel Ali during Ramadan and taking part in the Dubai Charity Association's 3.5-kilometer walk to raise awareness about diabetes. Beyond financial success, Continental remains dedicated to social impact. A larger mission in the region for the Continental Group has also been to empower people, especially women, to achieve financial literacy and inclusion. Through its events, webinars and podcasts, the Continental Group has long aligned with several apex bodies that have flown the flag for a more inclusive economy in the region. The firm hosted two financial education seminars in 2024 and will expand this initiative in 2025 with quarterly sessions, making wealth management education more accessible. With three decades of experience behind it, Continental Group's next phase of growth will see it integrating technology-driven solutions and deepening client engagement. The firm plans to expand its team size by 20%, strengthening its advisory division with specialist Wealth Managers and Financial Advisors, while also creating pathways for new entrants to the industry through structured training and development programs. It will also accelerate its digital transformation by introducing AI-driven advancements in cybersecurity, automation, and portfolio management to enhance security and provide real-time insights for clients and advisors. 'This 30th anniversary celebrates the relationships we've built and lives we've touched. Our commitment goes beyond just offering solutions. We have been building a framework that ensures financial security across generations. As we move forward, transparency, and a client-first approach will remain at the core of everything we do," said Akshay Sardana, SEO, Executive Director, CFS DIFC Limited. About Continental Group The Continental Group is a leading insurance intermediary and financial services solutions provider in the GCC region. Licensed by the Insurance Authority, the Securities and Commodities Authority (SCA) of the UAE, and DFSA (CFS DIFC Limited DIFC Limited from The Continental Group is regulated by the DFSA), the group represents reputed multinational and local insurance and financial institutions. Founded in 1994, Continental is the brainchild of Ashok Sardana, who built the company on three pillars: Integrity, insight and innovation. Continental's unparalleled industry experience, embodied by a team of over 250 highly-qualified professionals, has enabled its expansion across Europe, Middle East and Asia. Its stellar track record of fostering life-time, meaningful relationships with customers is rooted in its ability to provide tailor-made, personalized solutions. It is a household name for all financial and insurance solutions at any stage of one's life: Investments, savings, wealth creation, legacy, succession and protection planning, life, health, employee benefits, auto, home, and travel. The Continental Group has also been actively advocating for financial freedom & independence, financial inclusion, ESG investing, and wellbeing, through its popular podcast 'Dollars, Dirhams and Our Two Financial Cents'.
