The American Council of Life Insurers (ACLI) has long advocated for common-sense, consumer-oriented policy proposals. Last week the U.S. Chamber of Commerce’s Technology Engagement Center published a white paper that calls for a national data strategy, including the need for national privacy legislation. ACLI strongly supports the creation of an unequivocal federal pre-emptive privacy standard … Continue reading "Life Insurers Support Common Sense Consumer Privacy Protections"
According to a 2019 Pew Research poll, over 80% of Americans feel as if they have little or no control over the data collected about them online. In addition, over 80% believe that the potential risk of companies collecting data about them outweighs the benefits. Given these numbers, what can be done to ensure that … Continue reading "Guarding and Protecting Personal Data"
Life insurers are leveraging new technology and data analytics to insure more people and help customers live longer, better lives. A variety of data sources make it possible to evaluate an applicant’s risk profile in real-time. Consumers looking for a quick quote and wanting to avoid a paramedical exam may authorize to access public records, … Continue reading "Technology Helps Close $25 Trillion Financial Protection Gap"
It’s a swing and a miss from some big sluggers in the retirement arena. They tried to smack a key feature of the House-passed retirement bill, the SECURE Act, in a new report. They complained employers have little responsibility under SECURE to vet the finances of a life insurance company offering an annuity for a … Continue reading "Report Whiffs on a Key Feature of Pivotal Retirement Bill"