Emerging from a Turbulent Marketplace

Arthur F Ryan ()
Additional contact information
Arthur F Ryan: Prudential Financial, Inc., 751 Broad Street, 16th Floor, Newark, NJ 07102, U.S.A.

The Geneva Papers on Risk and Insurance - Issues and Practice, 2007, vol. 32, issue 1, 58-61

Abstract: Coming out of the perfect storm of a bear market in equities, poor credit markets, and low interest rates, the U.S. insurance industry faced a number of new realities based on changing consumer demand and expectations. Consumers wanted new guarantees in their investments, choice and flexibility in distribution, and simplicity in their financial products. The baby boomers echo this new consumer demand through their desire for retirement security. The life insurance industry is well positioned to deliver to this population. No other financial services industry can help individuals accumulate wealth, protect its value, convert the wealth into lifetime income, and transfer it to future generations like the life insurance industry can. There are risks ahead for the U.S. life industry; however, it can take advantage of opportunities in the future if it can continue to put consumer needs first. The Geneva Papers (2007) 32, 58–61. doi:10.1057/palgrave.gpp.2510113

Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.palgrave-journals.com/gpp/journal/v32/n1/pdf/2510113a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/gpp/journal/v32/n1/full/2510113a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gpprii:v:32:y:2007:i:1:p:58-61

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41288/PS2

Access Statistics for this article

The Geneva Papers on Risk and Insurance - Issues and Practice is currently edited by Christophe Courbage

More articles in The Geneva Papers on Risk and Insurance - Issues and Practice from Palgrave Macmillan, The Geneva Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().