Targeting the retirement market anew
Article Abstract:
The life insurance industry needs to recognize the importance of the private retirement asset market and take advantage of the numerous opportunities it offers. Life insurers must realize that there is a large market in annuities, that Americans need to be educated on financial issues and that the right products and services must be developed for the defined-contribution market. Life insurers would also do well to tap the 'middle three-fifths' of the income scale and to increase their focus on pension rollovers. Lastly, the industry must recognize that its strengths lie in asset accumulation and protection products.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1998
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Why life insurance can't jump
Article Abstract:
Life insurance industry evolves on regulatory aspects, future products, the cost of product distribution, productivity rate, fluctuating profits, emerging competitors and ethical issues. Insurers must be willing to implement and adapt a well-designed and well-executed change in order to stay online with the competitive market environment. The initial step which is usually the toughest part of change process is to know the barriers and to accept them. It will be followed by the implementation of new organizational techniques that would fit the environment's demands.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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Iowa offers new wrinkle in demutualization; several states are giving mutual insurance companies greater latitude in tapping capital
Article Abstract:
American Mutual Life Insurance Co. reorganized into a mutual insurance holding company with a life insurance company subsidiary in June 1996 in order to raise money through a public offering. The company can issue up to 49.9% of the capital stock of an intermediate holding company. Iowa's Insurance Department allowed the reorganization. California, Minnesota, Missouri and Rhode Island are considering allowing similar maneuvers. American Mutual now consists of AmerUs Life Insurance Co., American Mutual Holding Co. and AmerUs Corp.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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