Allison Bell

1 month ago | portfolio.bisanet.org | Allison Bell |Barbara Pianese

Last year, the BISA Black Voices Unmuted (BVU) Subcommittee launched a partnership with the FARE to support their mission of advancing inclusion within the financial services industry through education, professional development and community empowerment. As part of this partnership, BVU extended an invitation to two students — Jasmine Pierce and Imani B. Washington — to attend the BISA Annual Conference in March. Pierce and Washington were recommended by FARE for this opportunity.

1 month ago | portfolio.bisanet.org | Allison Bell |Barbara Pianese

The typical fixed-rate contract for individual fixed annuities sold in 2020 had a five-year surrender charge period, which will be up this year. The end of surrender-charge periods for individual fixed annuities could impact annuity issuers, say Bob Jiang Huang and other analysts at Morgan Stanley.

1 month ago | portfolio.bisanet.org | Barbara Pianese |Allison Bell

The Federal Deposit Insurance Corporation (FDIC) during the Biden administration was hesitant to offer federal deposit insurance to industrial loan companies (ILC), but many expect the regulator to be more receptive to such requests under the Trump administration. “We do expect ILC applications to increase notably, and approvals similarly to rise,” said Michele Alt, co-founder at advisory group Klaros Group and previously district counsel at the Office of the Comptroller of the Currency.

1 month ago | portfolio.bisanet.org | Rayne Morgan |Allison Bell |Barbara Pianese

There are four major ethical challenges faced by insurance professionals when it comes to using AI, according to a Reuters panel: built-in bias, human talent, transparency and regulation. Panel members said such uncertainties can be addressed, but emphasized they would best be done by doing so in a landscape where AI in insurance becomes “table stakes” in the next two years. “I would say put your principles in place, set the guardrails and then go build a thing.

2 months ago | portfolio.bisanet.org | Tobias Salinger |Allison Bell |Barbara Pianese

Keith Golembiewski, director of annuity research with industry research organization LIMRA, says a contingent deferred annuity lets financial advisors maintain keep client assets under their management with the investments of their choice while offering insurance against depleting the savings too quickly.