State of the U.S. mutual life insurance industry: “We’ve seen most of
the mutual life insurers grow faster in the industry on the sales side
The industry’s role in the U.S. social safety net: “I think people
need to be prepared for a world where the support they’re getting from
the government could be less than they expect, as opposed to more.”
Regulatory pressures: “I think the story is going to be a lot around
how the Fed comes in and how they regulate those firms that they today
have authority over on the capital side.”
Expansion into multicultural markets: “We’ve tripled our sales to
multicultural buyers in the past five years. We’ve doubled the number
of multicultural agents that we have.”
OLDWICK, N.J.--(BUSINESS WIRE)--
In this episode of A.M. BestTV, Roger Crandall, CEO of MassMutual,
discusses industry trends in the life mutual industry and how a longer
view on its investment strategy and risk appetite gives them an
advantage over stock companies in a low interest rate environment.
“Overall, this type of environment has been good for mutuals because we
can so some things, because of the length of our liabilities, that other
companies can’t,” said Crandall. He said his company can take advantage
of private investments such as commercial mortgage loans, private
placements and infrastructure loans. Some of the other issues Crandall
addresses in the episode include:
Additionally, the episode looks at events coming up the week of Feb. 10,
including which companies will be releasing earning reports and
conferences of note. Click on http://www.ambest.com/v.asp?v=crandall214
to view the video program.
The full-length interview with Roger Crandall is also available at http://www.ambest.com/v.asp?v=crandall2114
A.M. BestTV covers exclusive A.M. Best Co. information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M. BestTV episodes at www.ambest.tv.
A.M. Best Company is the world’s oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS
A.M. Best Company
Jim Peavy, 908-439-2200, ext. 5644
Vice President, Public Relations
Morrow, 908-439-2200, ext. 5378
Senior Manager, Public
Source: A.M. Best Company