Banking and insurance: One expert sees great opportunities
If banks to go beyond, pensions motor insurance? Michael White is of the opinion that they can. White, president and CEO of even a consulting firm in Radnor, Pennsylvania (www.bankinsurance.com), the Bank has produced Insurance & Investment income-Fee and the report of the Bank Insurance Holding Company & Investment Fee Income Report. These annual quantities of the Bank of analyzing insurance costs, income from investments, pensions and life income fund fee owner of investment funds and pensions, insurance and underwriting activities. The reports also hundreds of extracts from banks in the region and asset classes.
What makes promising insurance for banks? BIC White asked his views.
BIC: Banks in the insurance business, what opportunities do you see?
White: Many, in all areas of insurance. There are still many possibilities, for example, retired from the arena of banks “the greatest success in the form of insurance products. The banks have the fastest growing annuity distribution system in the years 1990 and 1990 to 2002, they sold more than $ 272 billion in value of the pension in the amount of the premium of approximately $ 16.3 billion in annual turnover. And throughout this period, only about 20% of banks and sold pensions is still the case today. So, right, where it already had a visible and measurable success in history, there is still ample opportunity. And of course, there are the possibility, in all other areas of insurance, which remain under-developed or inside the market place: life insurance, health insurance, group benefits and damages and accident insurance .
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