The U.S. Financial Stability Oversight Council is proposing to designate the two firms as systemically important financial institutions
As more people buy life and living-benefits insurance online, advisors will have to work harder to prove their value to clients
The introduction of new solvency ratios may influence the behaviour of investors, insurers and regulators
U.S. regulators will soon identify non-bank financial firms that are to be considered systemically important, Fitch says
Firms are cutting back on the sale of products with policyholder friendly guarantee features
Changing regulation is hampering the ability of insurers to offer products with long-term guarantees
Actions taken by firms in response to new regulation would have rating implications
The ease of going online means consumers are less dependent on advisors for information
Aging insurance advisors are neglecting younger people as potential clients. But many prospects in their 20s and 30s need insurance now and will become lucrative clients in the future. Advisors who serve this market say the effort is well worth it
Online tools are meant to complement the role of the advisor