A.M.BestTV: LIMRA CEO Kerzner: Life Industry Needs to Move Beyond Life Events

CONTACTS:

FOR IMMEDIATE RELEASE

OLDWICK - SEPTEMBER 09, 2014 02:13 PM (EDT)
Throughout September, ^A.M.BestTV is running a series of special interviews to support Life Insurance Awareness. In this episode, Angelo Lewis, senior associate editor of Best's Review, interviews LIMRA President and Chief Executive Officer Robert A. Kerzner, who believes life insurers have a huge untapped growth opportunity; yet, they must convince consumers that life insurance is a necessity, not just a purchase tied to major life events.

Kerzner states, "Consumers might not be purchasing life insurance but 50% of them inform us that they are aware that they need more, and if all of those potential buyers were to purchase, it would be a $9.0 trillion opportunity." Kerzner noted what he believes to be the obstacles in cultivating this enormous opportunity. "A low interest rate environment makes it very difficult to price a product, as well as changing demographics that are based on a host of reasons and regulations, either new or proposed, create many challenges that the life industry needs to address," Kerzner said.

Click here to view the video program: http://www.ambest.com/v.asp?v=kerzner914.

Recent episodes of ^A.M.BestTV include:

• Boomer Esiason Steps Up for Life Insurance Awareness: Boomer Esiason discusses events in his early life that led him to a new appreciation for the need of adequate life insurance protection: http://www.ambest.com/v.asp?v=esiason914.


• Rates, Catastrophes and Reinsurance Outlook Dominate A.M. Best's Canada Market Briefing: Presenters and attendees at A.M. Best's Market Briefing in Toronto examine the impact of low rates, surprising property losses and A.M. Best's revised outlook for the global reinsurance industry: http://www.ambest.com/v.asp?v=canada914.


• "First Monday": Leading Analysts Discuss Global Reinsurance Sector; Canada's Insurance Industry; Growing U.S. Vision Insurance Market: Looks at the growing concerns on the global reinsurance industry's underwriting discipline; how the Canada property/casualty and life industries have shown resilience against catastrophe losses and regulatory shifts and the potential for growth in the U.S. vision insurance industry: http://www.ambest.com/v.asp?v=firstmonday914.


• Growth of Craft Brewing Presents Risks and Opportunities: Insurers' report on the growth of microbreweries, which is driving new coverage needs. Insurers, owners and Best's Underwriting and Loss Control Center highlight the industry's unique mix of hazards: http://www.ambest.com/v.asp?v=brew814.

^A.M.BestTV covers exclusive A.M. Best 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 http://www.ambest.tv.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source.