L
Liam D Ferguson
Guest
From Irish Times, "Life Market only for Big and Strong&
In todays business section in the Irish Times there is a smal piece called "Life Market only for Big and Strong"
Chief exec. of Friends First Adrian Hegarty claims there is no future in the life assurance market for small players saying,
" There has been a dramatic change in the international economic and political environment this year. The life assurance industry has not and will not escape the effects of these changes."
"The top five companies in the life and pensions market currently accont for 80% of gross premium income."
"This is a game for the big and the strong. Only companies which have got their cost base and competitive positioning right will prosper in the new environment."
I assume by small companies he is referring to the likes of Acorn Life and Quinn Direct.
How many other small life assurance companies are out there who share the other 20% of the market?
Is this just industry guff or is it a serious point he makes?.
In todays business section in the Irish Times there is a smal piece called "Life Market only for Big and Strong"
Chief exec. of Friends First Adrian Hegarty claims there is no future in the life assurance market for small players saying,
" There has been a dramatic change in the international economic and political environment this year. The life assurance industry has not and will not escape the effects of these changes."
"The top five companies in the life and pensions market currently accont for 80% of gross premium income."
"This is a game for the big and the strong. Only companies which have got their cost base and competitive positioning right will prosper in the new environment."
I assume by small companies he is referring to the likes of Acorn Life and Quinn Direct.
How many other small life assurance companies are out there who share the other 20% of the market?
Is this just industry guff or is it a serious point he makes?.