Quotes of the month for April 2012

‘The ultimate impact of
solvency II hinges on several major decisions still to be made’ –
Fitch Ratings

‘The actions will allow
us to build on our strong financial foundation by concentrating our
resources on a smaller number of businesses to position the
hartford for long-term success’ – Liam E. McGee, president and CEO
of The Hartford

‘The [study’s] results
provide the proof needed for banks and credit unions to seize the
opportunity for developing investment and insurance relationships
with existing customers’ – Kenneth Kehrer, founder of research and
consulting firm Kehrer-LIMRA

‘More than seven in ten
[people] will buy if there is face-to-face contact during the
shopping process. The harsh realities of the economics of providing
a face-to-face service may however make this preference
increasingly difficult for insurers and distributors to fulfil in
the future’ – LIMRA Europe

‘The message mercer gets
from Canadian publicly-held companies’ boards is that shareholders
should not be required to take the risk of liability for DB
pensions’ – Michel St-Germain, a partner at consultancy
Mercer

‘Many insurers view the
inclusion of a matching adjustment under solvency II as essential
for their ability to offer affordable long-term annuity products’ –
Paul Clarke, global Solvency II leader at
PricewaterhouseCoopers.

Most read online
articles of this month

1. Foreign insurers
flock to Vietnam

2. Restructuring time at
New York Life

3. An overcrowded growth
market

4. Facing a wave of
daunting challenges

5. Country review: South
Africa

6. Asia’s diminutive
power house

7. HSBC insurance rolls
out critical care plan

8. Brazil burdened by
heavy regulation

9. Manulife takes the
plunge into Cambodia

10. Cambodia to get
first life insurance company

11. Foreign insurers’
market shares woes

12. Dutch life industry
hammered onto the ropes

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