Life Insurance Companies Gets Technical Coverage as They Shake Up Operations in Increased Premiums Environment
LONDON, January 16, 2013 /PRNewswire/ --
StockCall research team has posted free technical analyses on companies mentioned in this release. These can be accessed at
http://www.stockcall.com/register
Companies in the life insurance industry could be in for a solid 2013, as life insurance premiums are predicted to rise both this year and next. Globally, life insurance premiums are projected to increase by approximately 3%, according to a recent Swiss Re study. Several companies in the industry like, MetLife Inc.
http://www.stockcall.com/register
MetLife´s recently completed the sales of its bank deposits for $6.4 billion. This move follows the company´s move away from the home loan segment last year as MetLife continues to recalibrate to its core insurance business. MetLife will be releasing its Earnings report on February 13th, 2013.
Genworth Financial has also been selling non-core holdings with the aim of refocusing on its core business. The company has been considering alternatives for two of its non-core businesses which include an international division that offers lifestyle protection insurance. It is planning to boost this business value with the objective of selling it in the next few years.
Asia and Latin America have been a specific focus for a number of life insurance companies of late, as countries such as India and Brazil offer great growth potential. A lack of health protection for many individuals combined with a growing affluent population in the aforementioned countries is fuelling demand, and those that can service that demand could see sales and profits rise.
While the industry looks poised for a solid year, there are a number of industry specific challenges. Competition in the industry remains spirited, and with interest rates remaining low, returns on funds held have been an issue for some like Prudential Financial Inc.
Footer:
1) Genworth Financial Inc. Technical Analysis [
http://www.StockCall.com/GNW011613.pdf ]
2) MetLife Inc. Technical Analysis [ http://www.StockCall.com/MET011613.pdf
]
3) Prudential Financial Inc. Technical Analysis [
http://www.StockCall.com/PRU011613.pdf ]
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