It's debatable if the fiduciary standard is 'higher' than suitability. But the better question might be, who's holding the bar?
Research and Markets has announced the addition of the "United States Insurance Report Q1 2013" report to its offerings.
In a release, Research and Markets noted that report highlights include:
Key Insights On The US Insurance Sector
The United States Insurance Report considers the prospects for both life and non-life (property & casualty and health) insurers. As of late 2012, the newsflow continues to highlight the strength of both major segments - in face of substantial challenges.
In spite of a patchy economy and an interest rate environment that reduces demand for (and/or profits from) particular products, most leading life insurance companies are reporting higher sales volumes (and/or prices) for their offerings - with fixed annuities being the main exception.
The implication is that the industry continues to enjoy the trust and support of households and businesses at a time that the numbers of people who are at or near retirement age is growing. Several of the leading life insurance companies (and non-life companies) have been buying back stock.
The US treasury has been making a profitable exit from its various exposures to AIG. In what should be seen as a sign of confidence, AIG (which is one of the companies that has been buying back stock) has announced that its global non-life and US life operations will be rebranded AIG and AIG Life & Retirement respectively. Prudential Financial's agreement to buy the individual life operations of The Hartford, in a deal, which will close in early 2013, is another landmark.
The property/casualty insurers, which are the main element of the non-life segment as BMI defines it, have also been prospering in 2012. According to the Insurance Information Institute, it is possible that the aggregate profits of the property/casualty companies for the year as a whole will exceed the highs achieved in 2010. Policyholders' surplus suffered in 2011 as a result of the massive catastrophe losses in the US and elsewhere.
Great-West Lifeco Inc
New York Life
Sun Life Financial
Zurich Financial Services
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