Aite Group has announced the launch of its life insurance practice, which follows the launch of Aite's health insurance practice in 2009.

The practice is targeted at life insurance carriers, software vendors, IT services vendors, business process outsourcing providers, and management consulting firms servicing the life insurance vertical.

"In addition to expanding our coverage of the insurance industry, we expect the life insurance practice to dovetail nicely with our wealth management and institutional securities and investments practices," says Gwenn Bezard, a partner at Aite Group. "We also believe a practice dedicated to the life insurance vertical will prove uniquely valuable to the market."

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