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TMCNet:  A.M. BestTV: Challenge to Life Settlements Sector Is Product Flow, Says CEO of The Lifeline Program

[May 17, 2017]

A.M. BestTV: Challenge to Life Settlements Sector Is Product Flow, Says CEO of The Lifeline Program

In this A.M.BestTV episode, Scott Page, president and chief executive officer, The Lifeline Program, said life settlements have matured as an investment category to the point where investor interest is outstripping supply of life policies. Click on http://www.ambest.com/v.asp?v=page217 to view the entire program.

At the recent Life Insurance Settlement Association's (LISA) annual conference in New York, Page spoke about how much the industry has changed since its inception in 1989.

"It was very different in the early days. There was no structure and no regulation. Social media did not exist. There was no way to get the word out to HIV and AIDS patients, so as to educate them about how they could turn their life insurance policy into a resource to help them pay for the medicines they needed to survive," said Page. "Today, it is quite different. There is a lot more regulation, and it has shifted from being more about consumer protection to one where there are lawyers and accountants to protect them. The regulations now are more geared toward the protection of the investment side."

For full video coverage of the LISA conference, visit http://www.ambest.tv.

Recent episodes of A.M.BestTV include:

  • From Little Sparks Big Losses Grow Says Pennsylvania Lumbermens' Senior Vice President: Stephan Firko, senior vice president, Pennsylvania Lumbermens Mutual Insurance Company, said the scope of risks for lumber businesses continues to expand, but the original rsk of spectacular fire remains: http://www.ambest.com/v.asp?v=firko517.
  • Insurance Merger & Acquisition Activity Aids Consolidation in Europe and Diversification in London: Anthony Silverman, senior financial analyst, A.M. Best, reviews a new Best's Special Report, which looks at insurance merger and acquisition (M&A) activity trends in Europe: http://www.ambest.com/v.asp?v=europeanma517.
  • U.S. Medical Professional Liability Insurance Sector Remains Profitable Despite Declining Premiums: Dan Teclaw, senior financial analyst, A.M. Best, reviews a new Best's Special Report that examines the financial performance of the medical professional liability insurance sector: http://www.ambest.com/v.asp?v=medmal517.
  • RIMS: Technology, Process, Analytics and Competition: The Four Horsemen of Disruption: At the RIMS conference, insurance leaders agreed that the insurance industry is in for major changes, and that the result probably will be an industry that is leaner and more measurable: http://www.ambest.com/v.asp?v=rims6417nc.

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 is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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