• 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

 

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  • ‘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

 

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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