Life Insurance - The New Product Proposition
Créé le
21.12.2010-
Mis à jour le
10.02.2011Life insurers face a series of powerful factors that are reshaping their competitive environment. Product innovation will be critical to success. Those insurers that adapt to the new product paradigm will emerge as the winners.
The life insurance industry finds itself at a crossroads as a series of powerful forces – both secular and related to the financial crisis – reshape its competitive environment. Ageing societies and rising longevity are changing consumers’ retirement planning needs, as the trend from defined benefit (DB) to defined contribution (DC) plans shifts the investment risk onto individuals. The crisis has depleted balance sheets, heightened regulatory scrutiny, and led to an increased focus on absolute returns. Meanwhile, technology is transforming the way people make financial planning ...