Life insurers are the “dinosaurs of the 21st century,” warns Snowball
Suncorp group chief executive Patrick Snowball, the man who previously ran Aviva’s UK operation, has warned life insurers they could die out unless they innovate and change.
In an exclusive interview with Post, Mr Snowball - who left Aviva in 2007 - said: "I think fundamentally the problem in the UK is that the life insurance company per se is the dinosaur of the 21st
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
Q&A: Mathew Rowles, Malago Insurance
Mathew Rowles, founder and managing director of Malago Insurance Brokers, speaks to Insurance Post regarding the firm’s 10th anniversary and the importance of remaining independent.
How insurers can retain the human touch in the age of AI
View from the Top: Steve Rhee, global chief digital officer at Gallagher, explains why the value of artificial intelligence to the insurance industry resides in how its implemented.
Allianz opens broker hub at Cardiff’s Principality Stadium
Allianz has confirmed to Insurance Post the location of its next broker hub: the Principality Stadium in Cardiff.
Why insurance distribution flexibility is no longer optional
Simon Pritchard, managing director of insurtech IS2, says during a soft market insurers need to maximise channel distribution to achieve growth.
Big Interview: Ryan Brown, PIB Group
Ryan Brown, deputy CEO of PIB Group, talks to Insurance Post regarding the collapsed Gallagher sale, the firm’s more ‘cautious’ M&A strategy, and where it's investing for growth.
Jensten creates two executive roles amid restructure
Jensten Group has added two new roles to its executive leadership team as part of a restructure of the business into two trading divisions: broking, and product and distribution.
Tysers Live CEO Chapman steps down
Tysers has announced that Paul Chapman is stepping down from his post as chief executive of Tysers Live to pursue personal interests.
Markerstudy’s Beal outlines two paths for ChatGPT in insurance
Andrew Beal, director of architecture and innovation at Markerstudy, predicts two ways in which ChatGPT could transform insurance distribution, and urges the industry to be prepared for both.