New York Life receives top honors for commitment to training and development.

NEW YORK, March 3, 2015—New York Life was recently named to Training magazine’s Top 125 and Chief Learning Officer magazine’s LearningElite for excellence in employer-sponsored training and development programs.

“New York Life’s people are our number one asset, and offering innovative, high-value training helps us deliver on our promise to help everyone at the company reach their full potential,” said Michael Molinaro, vice president and chief learning officer, New York Life. “We are proud to be acknowledged for our dedicated investment in providing quality training, which helps our agents and employees remain unsurpassed in the industry.”

New York Life was named to Training magazine’s Top 125 based on benchmarking statistics including total training budget; percentage of payroll; number of training hours per employee program; goals, evaluation, measurement, and workplace surveys; hours of training per employee annually; and detailed formal programs.

Lorri Freifeld, editor-in-chief of Training magazine, said, “Congratulations to the 2015 Training Top 125 winners, who proved their commitment to effective training and employee development tied to corporate strategic goals.“

Chief Learning Officer magazine’s 2015 LearningElite honors the best organizations for learning and employee development. New York Life was recognized for its efforts in functional areas including leadership development, use of technology, executive buy-in, and content development and delivery, among others.

Sarah Kimmel, director of research and advisory services for the Human Capital Media Group, said, “The LearningElite is more than just an opportunity for organizations to be recognized for excellence in learning and development. It is an opportunity for organizations to validate the impact of workforce learning on business performance and identify areas where further improvement will yield the greatest results for the organization. The LearningElite program allows enterprises to quantify their progress toward making strong workforce development a major competitive differentiator.”

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s & (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.

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Further Reading
  • Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/16/14. For methodology, see http://fortune.com/fortune.
  • Individual independent rating agency commentary as of 8/13/14.
  • New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.