- People sacrifice to buy life insurance to
help their loved ones after their death, so it’s reasonable to make
sure their families receive the benefi ts when they are
eligible’ – New York state
governor Andrew Cuomo
- ‘Of
the other major insurance markets, the UK and German life insurers
are largely sheltered from the sovereign debt crisis, at least in
the event of a relatively orderly Greek exit; while the French
companies have a more material, albeit manageable, exposure. still,
each country has at least one notable exception’
– Federico Faccio, senior director for insurance
at Fitch Rating
Go deeper with GlobalData
- ‘Indeed, it is because
we do not believe our insurance business should be governed by
regulations written for banks that we have decided to sell our
depository business’ – William Wheeler, president
of MetLife
- ‘There
is no appetite for delay amongst large insurers’ –
Paul Clark, Solvency II global leader at PwC
- ‘Scale
and cost efficiencies will be paramount to long-term survival for
insurers offering this business, with consolidation likely as a
result’ – Bjorn Norrman, associate director
at Fitch Ratings
- ‘The big problem is we
still struggle to engage people’ – Martin Sincup,
product manager at LV
Most read online
articles of May 2012
1. Life industry goes
into reverse
2. ING Asian insurance
sale attracts interest
3. Cambodia to get fi
rst life insurance company
4. Mexico: A developing
market growth story
5. Rising fear over
Solvency II compliance deadline
6. Dutch life industry
hammered onto the ropes
7. Foreign insurers fl
ock to Vietnam
8. China’s life
insurance ends 2011 on stronger note
9. Danica Life to exit
Irish market
10. Facing a wave of
daunting challenges
11. Manulife takes the
plunge into Cambodia
12. “Continued pressure”
on UK’s life insurance market
