Little-known, AAA-rated firms are beating the insurance giants
July 27, 2016 by Katherine Chiglinsky
(Bloomberg) — Are shareholders bad for business?
More and more, the answer in the U.S. life insurance industry is turning out to be a resounding “yes.”
Since 2008, publicly traded insurers have seen their share of the $4 trillion market shrink vis-à-vis mutual companies, according to data compiled by Bloomberg Intelligence. The trend has been particularly stark in North America, where mutual insurers — those owned by policyholders — earned a record percentage of life-insurance premiums, industry data show.
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