* Multinationals dominate segments of US life market
(Hartford, CT) January 12, 2005 – The convergence of regulatory environments for the financial markets and the banking industry have created a friendlier climate for multinational life insurers, according to a new study by Conning Research and Consulting, Inc.
“The insurance industry is consolidating internationally,” said Terence Martin, analyst at Conning Research & Consulting. “In fact, large multinational insurance companies control more than 50% of the U.S. life insurance market, as measured by 2003 premiums.”
The Conning Research study, “Multinational Life Insurers: Opportunities and Innovations in a Converging World” identifies the key issues related to international expansion in the life industry, and offers an overview of global markets, regulations, strategies, and best practices of the multinational players.
“The convergence of the world’s financial markets created the consistency that firms needed to grow across borders,” said Stephan Christiansen, research director at Conning Research & Consulting. “Now the question they face is how to successfully seize these new opportunities.”
“Multinational Life Insurers: Opportunities and Innovations in a Converging World” is available for purchase from Conning Research & Consulting, Inc., by calling (888) 707-1177 or by visiting the company’s Web site at www.conningresearch.com.
About Conning Research & Consulting, Inc.
The Conning name has represented excellence in independent insurance industry research for more than 90 years. As a result of its wealth of experience and intimate knowledge of the insurance industry, Conning understands industry challenges and opportunities and can provide in-depth insights and analyses. Conning provides both public and proprietary research as well as consulting services to the financial services industry. Conning is headquartered in Hartford, CT.