Kathryn Cox, SVP & President, Protection Division, Protective Life
The products offered by life insurers help consumers plan for and achieve financial and retirement security. This is honorable and good, yet industry research continues to show that less than half of middle market consumers between ages 25 and 64 have individual life insurance coverage in America. This is despite the fact that these same consumers recognize the impact that would result from the loss of a primary wage earner.
Despite recent volatility, opportunities in health care remain abundant, and we believe the long-term outlook for the sector is positive. Powerful demographic trends, a record-setting pace of innovation, and structural changes in health care delivery systems continue to drive growth and expand the investment opportunity set. Wellington Management’s Health Care team currently manages over US$60 billion in assets for clients globally.1 Several team members recently shared their views on advances in the biopharmaceutical industry around the world.
The insurance industry has to be at the forefront of Artificial Intelligence (AI) in order to stay ahead in managing risk.
Insurers have to be agile and ready to co-create with those from outside the industry as part of the new digital-led insurance ecosystem, said speakers at yesterday’s panel on developed market dynamics.
In recent years, the Insurance Group at Wellington Management has seen a growing number of insurers express an interest in undertaking a strategic asset allocation (AA) study. The low-yield environment of the past few years, along with the core xed income-centric nature of insurance portfolios and a widely anticipated future rise in interest rates, all seem to be contributing to this surge in interest.
