Home Add to Favorite Contact Submit  
           22 October, 2020


    
Category:  Press » Finances

 

Forecast for Life Insurance Industry Cautiously Optimistic, LOMA Resource Survey Finds

Popularity:
         Views: 1271
2010-01-14 06:40:01     
LOMA

Following a challenging 2009, the 2010 forecast for the life insurance industry is cautiously optimistic, according to executives surveyed by LOMA's Resource magazine.

Key decision makers from a cross-section of insurance industry organizations participated in the 2010 forecast. According to participants, the overall economic climate will improve relative to 2009, but not by a large measure.

Most companies are predicting 2010 sales growth, premium growth and profitability to be modest to flat compared to 2009. Profits will be challenged due to variable product guarantees, battered investment portfolios and exceptionally low interest rates. Consumers will get back to the basics of insurance protection and seek low-cost coverage to protect their families. Key inhibitors, however, will be fewer, less wealthy, and much more cautious buyers available for purchasing variable products as well as the changes in fees, features and guarantees many insurers have made in response to the economic crisis, which may compound buyer reluctance to dive back into this market.

Automation technologies that reduce expense, provide faster processing or improve the field and customer experience-workflow, straight through processing and automated underwriting, for example-will continue to take center stage. Insurers also will continue to explore leading edge technologies-such as voice-over-Internet communications, wireless tools, workforce virtualization, smart phones and social media-and if/how they fit into their larger business strategies.

"In 2010, we will begin to see M&A activity intensify in both the U.S. and abroad as highly capitalized companies seek to expand their market share," said Robert Kerzner, president and CEO of LIMRA, LOMA and LL Global. "Regulatory and legislative changes will also have a significant effect on how companies operate. The environment will remain difficult--some companies will thrive while others will struggle."

The 2010 Forecast is published in the January issue of LOMA's Resource magazine.

About LOMA

Established in 1924, with 1,200 plus member companies in over 80 countries, LOMA is committed to a business partnership with its world-wide members in the insurance and financial services industry to improve their management and operations through quality employee development, research, information sharing, and related products and services. To find out more about LOMA and the learning opportunities it offers, visit LOMA's Web site.

Specialized in: Association Library - Customized Research - Index To Information - Information Center - Internet Research Links - Aapa - Aiaa - Aiaf - Airc - Acs - Lic - Ce - Professional Education - Professional Development - Annuity - Ce Credit - Insurance Training - Flmi Societies - Ed Rep - Designation Programs
URL: http://www.loma.org
Print press release      Bookmark this page
Related Press releases 
Nelito Systems Ltd. appoints Mr. Sanjay Dube as the new Chief Executive Officer (Popularity: ): Navi Mumbai, July 08, 2020 – Nelito Systems Ltd. (Group Company of DTS Corporation, Japan), announced that Mr. Sanjay Dube has been appointed as the Chief Executive Officer.Mr. Sanjay Dube, prior to joining Nelito looked after the Fuel, Logistics and Land vertical for The Tata Power Company Limited. Prior to that, he looked after Strategy and Performance Analysis and before that, he looked after Treasury, Investor Relations and Corporate Finance, ...
CortiCare strengthens its management team by bringing on Aron Stern as CFO (Popularity: ): CARLSBAD, Calif. - January 14, 2020 -- CortiCare, Inc., a leading provider of technology and electroencephalographic (EEG) services to the hospital and physician office markets, today announced that Mr. Aron Stern has joined the company as its Chief Financial Officer. Stern will oversee the company’s finance team, as well as management of cash flow, financial planning, M&A activities, and profitability.“CortiCare has grown to a stage where more advanced financial management and ...
Adam Bergman – IRA Financial Group Partner – Highlights House Tax Plan & Impact on Real Estate Investors in New Podcast (Popularity: ): NEW YORK - November 17, 2017 -- Adam Bergman, a partner with the IRA Financial Group, the leading provider of self-directed IRA LLC and Solo 401(k) plan solutions, announces the release of a new podcast that examines the new House tax bill and its impact on the individual, businesses, and retirement accounts. The main emphasis of the House's “Tax Cut and Jobs Act” is to lower taxes on companies in ...
Comark Appoints Corporate Controller (Popularity: ): Medfield, MA - June 16, 2014 -- Comark is pleased to announce that Janet Clark has been promoted to Corporate Controller, reporting to CFO, Ruben Klein. Janet has been responsible for managing the accounting and finance activities since joining the company in 2000. She has over twenty-five years of experience in finance, human resources and customer service, within the manufacturing, banking and service industries.About Comark Comark designs and manufactures high-performance, ruggedized ...
DHFL announces an exciting offer for women customers (Popularity: ): 24 February 2014, All India: DHFL, India’s second largest private housing finance company, today announced an exciting offer on its Home Loan products exclusively for women customers. Under the ‘DHFL Home Loan for Women’ offer, all single / first woman applicants who are also the sole / co-owners in the property will be eligible for a 25 bps (0.25%) waiver on the Rate of Interest. This scheme can be availed ...

Press release home snapshot 


Related Business 
International - Life Office Management Association (LOMA) (Popularity: ): A life and health insurance industry organization that provides training and services to operations management in the insurance and financial services industry. Includes a vendor directory.
Arkansas Life Insurance (Popularity: ): Online experts providing families in Arkansas guidance and assistance in selecting the right life insurance coverage for their situation. Arkansas Life Insurance was created as a resource for those shopping for life insurance online. Our goal is to provide you with the best rated life insurance companies at the most competitive prices all from the convenience of your own home. Purchasing Arkansas life insurance online can be done in just ...
Kelowna Insurance (Popularity: ): Kelowna Life Insurance compares the top Canadian Life Insurance companies to provide you with the best rates for the best insurance products. I am a Kelowna insurance broker for Life Insurance, Critical Illness Insurance, Disability Insurance industry, and more in Canada. I provide “one-stop shopping” to ensure that you get the best rates and best coverage available.
Sentinel Life Insurance Company (Popularity: ): Sentinel Life Insurance sells life insurance for senior citizens including burial insurance, final expense insurance, Medicare supplement insurance, and annuities. Our policies are specifically designed to give you the assurance that unexpected events won’t cause financial distress to your family. With one of the highest surplus ratios in the industry, you can be assured that Senitnel will be there when you need us.
Cash In Life Insurance (Popularity: ): Cash in Life Insurance is the leader in the industry for life settlements and we have years of experience bringing companies that are looking to purchase life insurance policies for investment purposes.
The Life Insurance Gurus (Popularity: ): The Life Insurance Gurus hosts most of the newest facts about term life insurance. We all help hook up our readers together with the life insurance policy of their wishes! We’re The Life Insurance Gurus and we’ve done all the legwork for you! We work with top insurers to provide affordable life insurance to anyone.
Life Insurance Plans (Popularity: ): Max Life Insurance is one of the leading insurance companies in India. Max Life Insurance offers several range of affordable and easy life insurance plans covering child insurance, health insurance, group insurance, savings insurance, retirement insurance, term plans.
Life Insurance Denial Attorney (Popularity: ): Life Insurance Denial Attorney experienced life insurance lawyers will work hard to get you the life insurance proceeds you deserve.Please contact the life insurance attorneys at Trief & Olk today if you have been denied your life insurance claim.
Life Insurance Made Simple (Popularity: ): Emirateslifeinsurance provides best deals on life insurance and financial planning services in Dubai. We are leading professional financial consultancy in Dubai. We offer accurate information on Life Insurance, Mortgage insurance, Term Life Insurance and whole of life insurance plans. We provide life insurance and financial planning solutions that can be tailored to fit your exact requirements.
Best Term Insurance In India (Popularity: ): In India there are almost 24 life term insurance company which provides term life insurance policy in 2011-2012. News for best term life insurance provider in India. Top term life insurance company and product list with best available plan features in India. Complete Address of life term insurance company with website. Find best life insurance company, at lowest premium rate and get an affordable life insurance quote, to protect your ...