A force to be reckoned with: the question isn't about leveling the playing field with banks, it's whether banks are growing so rapidly they'll even remain in the same league as insurers

Article Abstract:

Insurance professionals need not be intimidated by the massive financial clout of the banking industry whose capital outweighs that of insurers by 50% and whose marketing capital is three to four times larger. Insurers should harness their efforts toward monitoring and servicing changing needs of customers, enhancing distribution systems and addressing the implications of market fragmentation. However, they should be prepared for the eventuality that these banks would acquire a significant portion of the life insurance and savings business.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Insurance Agencies and Brokerages, Insurance agents, brokers, & service, Insurance Agents & Brokers, Insurance Agents & Services, Agencies, Brokerages, and Other Insurance Related Activities, Banking industry, Economic aspects, Banks (Finance), Acquisitions and mergers

---

Aging baby boomers are an untapped market

Article Abstract:

Insurers will need to develop new products and policies for the extremely large population of baby boomers as they enter late maturity. The traditional fear of older clients will need to be rethought, as the characteristics and size of this group of potential customers is different than previous insurance clients. The majority of baby boomers have better health than preceding generations, but are more prone to stress. The double income status of many baby boomers makes certain products more appealing to them than others.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Baby boom generation

---

Similar abstracts:

• Abstracts: Replacement cost coverage: the underinsurance solution. The perils and pitfalls of certificates of insurance
• Abstracts: Level the playing field with common game plan. Bancassurance in French P/C lines is slowly becoming profitable
• Abstracts: Credentialing is key to avoiding lawsuits. Any willing provider laws threaten to sink managed care. Crackdown set on health care fraud
• Abstracts: Going global requires attention to details. Refueling industry means refining outreach efforts. Underwriters should form industry advocacy groups
• Abstracts: The role of employee financial planning in an integrated financial security model. Design of paid-time-off banking

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.