Other mutuals watch and wait
Article Abstract:
Major mutual companies are adopting a wait-and-see stance regarding the move toward demutualization of Prudential Insurance Co. of America. A number of them, including Metropolitan Life Insurance Co, still find the mutual holding company concept a viable one, as it allows them to remain a mutual while gaining access to capital markets. Others such as Mutual Life Insurance Co and Principal Mutual Life Insurance Co are evaluating the options available to them to remain competitive, taking into account such factors as corporate culture, capital needs, financial position, among others.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
20/20 foresight: creating a strategic vision for the new millenium
Article Abstract:
A four step process is recommended to make changes to meet competition for the life insurance industry in the future. First, an examination and complete definition of the business is required, then a company must identify and exploit its competitive advantages. Firms should also create alliances and develop business partners and bring products and services into line with customer needs and finances. Life insurers might also consider becoming specialists in markets they can dominate.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Creating a successful retained assets program
Article Abstract:
Retained asset accounts (RAA) are payment programs that provide beneficiaries with a checkbook to write checks against the assets of a policy. RAA programs are popular with consumer advocates because they help beneficiaries protect their assets after the death of a relative when they want to avoid making long-term financial decisions. RAA programs offer insurance companies a means of attracting new business and improving service.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Underwater options: strategies under the new accounting rules. Changes in work/family status and their impact on changes of coverage
- Abstracts: The future of retiree health care benefits. Employer strategies for compliance with HIPAA's privacy rules
- Abstracts: The whole world's watching- are we? Pension reform: real change or more politics. Ready or not? Big changes in pension plan contribution and disclosure requirements are coming
- Abstracts: Is it time for a product rating system? Making the case. International rating update. Best's Rating Monitor: annual review of international companies
- Abstracts: Split-second headaches: insurers are hustling to keep up with business interruptions that occur at the speed of light