The Insurance segment provides annuity and life insurance products to the middle and upper-middle income markets in the U.S. The Energy segment owns and operates conventional oil and natural gas properties.
Suncorp Group Limited, formerly Suncorp-Metway Ltd, is engaged in the provision of banking, general and life insurance, superannuation and funds management products and related services to the retail, corporate and commercial sectors in Australia and New Zealand.
The company also peddles financial products such as annuities and life insurance, although these are much smaller parts of the operation.
The Insurance services segment covers life, medical, motor, marine, property and credit insurance products and services, and Islamic banking segment provides Islamic banking solutions through its subsidiary, BLOM DEVELOPMENT BANK SAL (BDB).
Growth in life insurance sales is driven by new products in the market, which cater to the changing needs of the customers.
The life insurance industry came to the rescue with one of its favorite commission products.
Falcone is the chief executive of Harbinger Group, a holding company that owns consumer products and life insurance assets.
FORBES: Phil Falcone's Harbinger Group Is One Of The Hottest Stocks Of The Year
As boss of Travelers' life-insurance business, Mr Carpenter succeeded in promoting the cross-selling of retail financial products.
The life insurance industry will expand its investment options available for their policyholders to select from, investment products that are more targeted at absolute returns.
Robert Kiener, of the Precision Machined Products Association, cites the case of one Ohio manufacturer whose bank asked for his life-insurance policy as collateral.
Asset Management involves the provision of financial intermediation services to its corporate and individual customers, and Insurance segment provides general and life insurance products.
Next to bank deposits, the largest category of household financial assets, at some 28 percent, remains basically savings-type life insurance and pension products.
In May, Canada's Sun Life Financial Inc formed a joint venture with Vietnam's PVI Holdings, allowing the Canadian insurer to sell insurance products.
MSN: HSBC puts Vietnam insurance business up for sale: sources
MetLife, one of the largest insurance providers in the U.S., competes with AIG and Hartford Financial to provide life insurance, health insurance, retirement planning products and auto and home insurance to both consumers and corporations.
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