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August 7, 2017

Brighthouse Goes 'Public' Today as Industry Hits Inflection Point
Brighthouse Financial will mark its first day as a public company today as the MetLife spinoff prepares to ring the opening bell of the Nasdaq this morning. But this landmark moment stands out as not just a milestone for Brighthouse, but as an inflection point on how the life insurance industry has responded to nearly 10 years of record-low interest rates and tepid economic growth rates, the WSJ reports.
Life Insurers Must Rethink Traditional Hiring to Lure Digital Talent
Chief digital officers, chief transformation officers and chief data officer positions are in high demand. An insurer's ability to attract digital leadership from other industries may hinge on its ability to highlight the level of transformation as an opportunity.
DOL Pushes Back New Fiduciary Disclosure Deadline
The Labor Department is easing compliance for disclosure requirements under its fiduciary rule, citing the rule’s delays and ongoing review.
Barron's Lauds Voya's 'Rich' Prospects, Suggests Shares Worth 30% More
A Barron’s feature article this past weekend called Voya Financial an undervalued financial services company, saying its shares “could be worth 30% more.”
USAA, Munich Re Add 'Biometrics' to Bolster User Experience, Underwriting
Most life insurers have been slow to adopt biometrics for their business, but USAA and Munich Re have been busy putting it to use for cybersecurity, risk selection and customer experience, Digital Insurance writes.
DOL Fiduciary Rule Comments Unearth Deep Unease
Heading into the final day to comment on the Department of Labor’s efforts to enforce its new fiduciary rule on retirement planning, more than 400 letters from a range of different industry players are flowing into the regulator’s coffers. But a few common themes are already becoming apparent, say legal experts and wealth management analysts surveyed by FA-IQ. These include concern about a process some see as prohibitively expensive and too complicated to implement right away.