FinTech Magazine - December 2021 | Page 26

Mark Holweger , President & CEO of Legal & General America , tells us how the sector is transforming in the wake of COVID-19 and innovative technologies
LEGAL & GENERAL AMERICA

Mark Holweger , President & CEO of Legal & General America , tells us how the sector is transforming in the wake of COVID-19 and innovative technologies

As one of the largest life insurance companies in the US , Legal & General America has been providing protection for families and businesses for more than 70 years . But the past decade has seen a sea of change taking place that has been driven by increased connectivity and digital transformation .

Four years ago , Mark Holweger moved to the US from Legal & General UK to become the President & CEO of Legal & General America . He has been at the forefront of the company ’ s digital transformation – a move that saw Legal & General America well prepared in terms of both services and operations when the pandemic hit in March 2020 .
Changes in the life insurance space It is hoped that increased digitisation and regulation changes in the US life insurance sector since the pandemic will make life insurance protection far more readily and easily available to customers . It ’ s an area that Holweger , who spent many years in the UK life insurance sector , is passionate about . “ I think my background gave me an understanding of international businesses . My career started on the P & C side working for various international companies , running really broad spectrum and distribution channels ,” he explains .
26 December 2021