Today, the largest life insurers are converging with other financial-service industries to form huge multi-product businesses.

Question

Quizplus · Accepted Answer

The trend in the financial services industry has seen large life insurers expanding their offerings and merging with or acquiring companies in other financial sectors, such as banking and asset management, to form diversified financial services companies that offer a wide range of products. This convergence allows them to better meet the varied needs of their customers and compete more effectively in the global market.

Today, the Largest Life Insurers Are Converging with Other Financial-Service