We share some of the trends we learned about at the LIMRA Life Insurance Conference this year. Our infographic breaks down what you can expect to see in the industry.
The life insurance industry is changing rapidly, and it is now clear it will not be returning to the “norms” experienced in 2019.
We attended LIMRA’s 2021 Life Insurance Conference to ensure our team’s knowledge stays relevant and up to date amid the changing trends and directions in the industry.
Take a look at the top 3 trends that will shape the Life Insurance Industry in 2021 so you can make sure your insurance practice is ahead of the game.
LIMRA 2021 provided an excellent view into where the Life and Annuity industry is headed. The conference topics covered many of the current trends the industry is experiencing now including the impact of COVID, the changing demographics of both consumers and agents, and the move to digital.
But, to me, the most interesting topic is how the industry will respond to our newer generations and their desire for a quite different buying experience than our baby boomers expected. The “winners” will be those who figure out this answer the quickest, including some of the new InsurTechs.