A.M. BestTV: The Week Ahead; Exclusive MassMutual CEO Interview
OLDWICK, N.J.--(BUSINESS WIRE)--In this episode of A.M. BestTV, Roger Crandall, CEO of MassMutual, discusses industry trends in the life mutual industry and how a longer view on its investment strategy and risk appetite gives them an advantage over stock companies in a low interest rate environment. “Overall, this type of environment has been good for mutuals because we can so some things, because of the length of our liabilities, that other companies can’t,” said Crandall. He said his company can take advantage of private investments such as commercial mortgage loans, private placements and infrastructure loans. Some of the other issues Crandall addresses in the episode include:
“Overall, this type of environment has been good for mutuals because we can so some things, because of the length of our liabilities, that other companies can’t”
- State of the U.S. mutual life insurance industry: “We’ve seen most of the mutual life insurers grow faster in the industry on the sales side .”
- The industry’s role in the U.S. social safety net: “I think people need to be prepared for a world where the support they’re getting from the government could be less than they expect, as opposed to more.”
- Regulatory pressures: “I think the story is going to be a lot around how the Fed comes in and how they regulate those firms that they today have authority over on the capital side.”
- Expansion into multicultural markets: “We’ve tripled our sales to multicultural buyers in the past five years. We’ve doubled the number of multicultural agents that we have.”
Additionally, the episode looks at events coming up the week of Feb. 10, including which companies will be releasing earning reports and conferences of note. Click on http://www.ambest.com/v.asp?v=crandall214 to view the video program.
The full-length interview with Roger Crandall is also available at http://www.ambest.com/v.asp?v=crandall2114
A.M. BestTV covers exclusive A.M. Best Co. 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 www.ambest.tv.
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