The Business Strategy Of Holding Corporation For The Metropolitan Life Insurance Company

According to Manchanda, S.M. (2005), the basic purpose of buying insurance should be to protect the family from the loss of income due to an early death of the main income earner. The need to cover the risk of death should be predominant among all needs. Privatization has offered the customers the choice of selecting the quantum of death benefit as well as saving benefit. He has emphasized the need to educate the customers about the different products which would suit their special need.According to the author Venkateswara Rao (2005), the basic strength of Life Insurance Corporation is its huge agency force. They are the lifeline of Life Insurance Corporation He has observed that the productivity level of the agents varies from club to club

Sun Life Assurance CO of Canada is risk rated HIGH-HIGH due to being a foreign entity and a NBFI (Direct Insurance carrier).

MetLife originally began as a company named the “National Union Life and Limb Insurance Co. It started in 1864 by several business men from New York. Business wasn’t going to well so after a few years and some name changes, James Dow, who was the President at the time and board of directors decided to focus only on life insurance and that’s where MetLife emerges. MetLife officially began its business in 1868. It consisted of six employees in an office composed of two rooms (MetLife Begins, 2014).

The Canada Life Insurance Company (CanLife) has been formed as a result of the merger of several companies, including Quebec Life Insurance (QLI) and Maritime Life Assurance. In 2003 the company has gained recognition and it has been able to manage the assets of more than $23.4 billion and it has also generated $4.2 billion sales through the activities of its subsidiaries that are operating in every segment of the financial industry. The subsidiaries of the company have

Operational risk is one of the largest risks that GM faces, as it includes exposure to failures of their people, their processes, systems and any external events. With operations in countries all over the world, GM is constantly restructuring their day-to-day processes and the structure of the specific operations. For example, they are currently facing difficult operating and market conditions in certain countries, like in Europe, and are forced to restructure, impair or rationalize these operations. As smooth and successful operations in all countries that they do business in is one the keys to their achievement, a failure in these restructurings would result in a significant negative impact to the company. Unfortunately the only thing that they can do to

New York Life (NYL) has set its mind on growing the Guaranteed Lifetime Income (GLI) business in the future, but faces several possible paths in order to reach this goal. To be as cost-efficient as possible, we think that the company should select its pool of end-customers wisely. The focus on retirees should be maintained and even enforced, as many still do not know the products proposed by NYL. Furthermore, the focus should be broadened to a larger target group, to include the “typical” customers of the companies, families with children. As noted by Rotemberg and Gourville (2010), NYL tends to build long term relations with its clients, as agents follow them over time

Today's insurance market competitions in Malaysia is at a high level. Refers to the annual report of life insurance in Malaysia as prepared by Life Insurance Association of Malaysia stated that life insurance industry recorded growth in 2015 which it provide the insurance coverage amounting to RM1.24 trillion which this amount is 6.2% much higher than the RM1.17 trillion in 2014

These are established companies that have been in the Malaysian insurance industry for a very long time. They have a firm foundation and are financially strong.

serving more than 83 million customers. It is the market leader in insurance market in Europe

This report provides an analysis and illustration on the important changes that life insurance companies will face in capital management practices with the implement of the new capital regime, publicly known as Life Insurance Capital Adequacy Test (LICAT). The LICAT framework transformed to a risk-based regime from the current model-based Minimum Continuing Capital and Surplus Requirements (MCCSR).

Once again TOWER has continued its aggressive growth with total life insurance premium inflows for the year ending September up 40.7% to $1.1 billion. Other life insurance companies that achieved significant positive growth were AMP (20.3%), AIA (18.2%), OnePath (12.0%), National Australia / MLC (11.4%) and BT / Westpac (10.2%). CommInsure continues to suffer falling premium inflows, with a 7% drop for the 12 months ending September to $1.14 billion. 1 Major players and insurance market share Companies name MLC Life Insurance CommInsure Life Insurance OnePath Life Insurance Tower Life Insurance AIA Life Insurance AMP Life Insurance AXA Life Insurance . Asteron Life Insurance BT / Westpac Life Insurance MetLife Life Insurance Market share 15.3% 12.5% 12.3% 12 % 8.8% 8.8% 7.6% 7.4% 4.9% 2.8%

This study explores areas where the life insurance industry has changed over time through different product offerings, globalization, evolving technology, and changes in the economic environment of Discovery Vitality Life. The study provides a framework to assist regulators in assessing which changes have been successful, which need improvement, and what needs to be addressed in the future.

Japan is the second largest life insurance market in the world after the United States, with approximately 14% or 343.82 billion U.S dollars written in life insurance premiums (Freeman, 2016). The Dai-ichi Life Holdings, Inc. is one of the leading life and health insurance companies in the world with total asset value of $467 billion and insurance premiums reach $40 billion. In addition, the recent acquisition in 2014 of the U.S insurer, Protective, has helped the Dai-ichi Life Holdings, Inc grow in the U.S and expand its oversea life insurance business.

Since it was founded in 1931, Allstate has been a pioneer of the insurance market, (Allstate). “Americans have trusted Allstate to help protect their families and belongings for over 80 years,” (Allstate). Allstate has sustained an exceptional repute since its establishment, leading to the ranking of second-largest US personal lines property and casualty insurer. “Allstate’s image is of a reliable, well-established company and the longstanding slogan ‘You’re in good hands with Allstate’ has resonated among generations of Americans,” (Tarter, et al.). Allstate has

The life insurance industry in Malaysia can be divided to family takaful and conventional life insurance. Both family takaful and conventional life insurance are similar in providing protection against the loss of income that would result in the death of the insured. However, unlike the conventional life insurance in which the insured transfer the risk to the insurer, takaful mutual risk is shared among the participants. Another major difference between them is the ownership of the companies. A conventional life insurance company is owned by shareholders whose objective is to maximize profits while a takaful company is owned by the participants whose objective is to minimize the cost incurred. The total