The future of the life insurance business
Article Abstract:
The life insurance industry is being transformed, along with the entire financial services area, providing important future opportunities for well-managed companies. By 2010, the industry is likely to be more consolidated due to mergers and acquisitions, face increased outside competition, and place more emphasis on full disclosure to customers. The industry must meet challenges from globalization and find ways to target mass market customers. Traditional industry compensation systems and customer relationships similarly will change. Insurance companies' integrity and performance will come under increased scrutiny.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1996
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The basics of life insurance industry strategic alliances
Article Abstract:
The life insurance industry entered an era of innovative strategic alliances during the 1990s, as foreign and domestic insurance companies formed alliances among themselves, with commercial banks, and with technology and medical firms. Developing such alliances requires companies to identify core competencies in order to find and select suitable partners. Alliance parties must also address issues such as environmental assessment, objectives, legal controls, financial arrangements, management, and dissolution.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1996
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Economic analysis of the development of universal life insurance in the 1980s
Article Abstract:
Universal life insurance was in high demand during the 1980s because of its flexibility and high rate of return. However, changes in the current interest rate, competing products and personal savings rate among other factors reduced its popularity by 1990. Changes in regulatory restraints, test marketing and consumer needs analysis are some of the necessary developments to increase demand for universal life products.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1995
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