Life Insurance Growth Areas
Our special focus this week is on insurance and insurance brokers. We spoke with several analysts in this broad space. One them, Colin Devine of Citigroup Investment Research, talked to us a little bit about his feelings as to where growth opportunites lay in the life insurance space:
Mr. Devine: I think the growth opportunities are going to continue to be centered on the evolution of post-retirement income protection types of products within both domestic and international markets. That can be variable annuities with living benefits, both deferred and immediate. Sun Life (SLF) introduced a great feature last year on their contract, which allows the annuity to store up their income draws if they don’t use them. We believe it provides the income flexibility people will need in retirement and expect all of the leading competitors will be forced to copy it.
For the complete interview with Mr. Devine, including an assement of where risks lie in this space and stock picks, click here.
This entry was posted on Wednesday, March 19th, 2008 at 5:14 pm and is filed under Financial Services Stocks. You can follow any responses to this entry through the RSS 2.0 feed.