The paper "Sunlife Insurance" describes that the firm had decided to diversify into other businesses at a time when it was facing very stiff competition from new entrants into the insurance business. The company responded so well to the pressures of diversification through moving into the businesses that were contiguous to its traditional insurance base…
Download file to see previous pages...
The firm had decided to diversify into other businesses at a time when it was facing very stiff competition from new entrants into the insurance business. The company responded so well to the pressures of diversification through moving into the businesses that were contiguous to its traditional insurance base. These businesses included residential mortgages, mutual funds, as well as personal trust services. Through these businesses, the sales agents were able to push the other services of the company, much to the benefit of the company. The mutual funds business was able to generate profits at a time when other companies were recording losses and therefore diversification into the line of business and relying on the sales agents was a good decision (Sun Life Financial, 2012). By getting into the other lines of businesses like consumer banking, the firm was able to attract other customers through its other businesses like the consumer banking where the agents were referring the customers at the bank to buy mortgages and the other services offered by the firm. Its partnership with Century 21 Real Estate enabled it to get to sell mortgage packs to the customers referred to it by the real estate firm into which it bought some stake sometime earlier. The agency system the company had invested in enable the firm to achieve very broad coverage that it would not have been able to have it gone for the brokerage system used by other firms. All in all, the decision to diversify into the other lines of business favored it.
...Download file to see next pagesRead More
Cite this document
(“Sunlife Insurance Case Study Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/management/1596396-sunlife-insurance-case-study
(Sunlife Insurance Case Study Example | Topics and Well Written Essays - 250 Words)
“Sunlife Insurance Case Study Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1596396-sunlife-insurance-case-study.
Insurance Author Institution Insurance Introduction Health insurance helps in easing the burden and mitigating the risk of incurring expenses in seeking medical care among individuals. Prior to 1930, individuals seeking any assistance from physicians had to depend on their own pockets in paying the expenses.
There is also integration of cell phones into the vehicle system thus making it easier to access phone services while driving. Telematic insurers also have a policy where they reward low risk drivers with the access of lower premiums. However, this means that high risk drivers will have a hard time because of the rules that involve them paying penalties when they stretch their limits.
These plan are customized according to the consumer needs and requirements and in most cases are pre-defined. Aetna insurance plans are usually designed considering health care management of its customers. Customers of Aetna Foundation comprise of students, families, college students, individuals, employer groups, labour groups, governmental employee & organizations.
Therefore, there are 14 years remaining for the youngest child to turn 25 when it is estimated that Karen will be independent after having completed full-time education at the university. Education expenses of both Mike and Karen will have to be borne until they reach the age of 25.
The insurance companies are there to help us in the time of our needs. But there are no free lunches in the world. The insurance customer needs to pay to an insurance company to buy the satisfaction that if anything bad happens to him/her they will be there to fix everything.
tation Paper 2007, the important focus was a potential law reform on misrepresentation and non- revelation at pre-contractual phase with the assured and mediators and as well violation of insurance warranties. Response to the proposals of the concerned parties have been called
a “pay-per-km (Pay-As-You-Drive or PAYD)” but has evolved in recent days to comprise the concept of “Pay-How-You-Drive (PHYD),” signifying that the insurance premium is calculated on the basis of “how” one drives the vehicle rather than “how far” one drives it
al professional gets an insurance coverage under the policy of the employer, a professional may still be liable for negligence and may be held responsible for an award or settlement of a plaintiff (Nurses Service Organization, 2014).
In certain circumstance, a medical