67 WALL STREET, New York - June 6, 2014 - The Wall Street Transcript has just published its Insurance Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Low Profitability and Low Interest Rates - Commercial Line Brokers and Underwriters - Consolidation Trends - Emerging Market Expansion - Analysis Of Personal, Commercial & Reinsurance Subsectors
Companies include: Voya Financial, Inc. (VOYA) and many more.
In the following excerpt from the Insurance Report, the EVP and COO of Voya Financial, Inc. (VOYA) discusses company strategy and the outlook for this vital industry:
TWST: Can you tell us about the strategic alliance you formed with Allstate in January, and how that fits into your overall strategic plan?
Mr. Karaoglan: We are very pleased with our alliance with Allstate. It is a strategic alliance where the agents of Allstate, the captive agents, can offer our fixed annuity products. Currently, we're the only fixed annuity provider they are working with, and primarily, what is being sold is our fixed indexed annuities and some mutual fund custodial products. So it's in the Annuity segment of our business, and we're very excited about it.
The reason we're very excited is it is the sort of relationship and strategic alliance we want to do more of because the key to success in the short term and long term is sustainability, and aligning the interests of clients with that of distribution, with that of employees and with that of investors. So we began working with Allstate at the beginning of this year, and so far we are pleased with the performance both in terms of agent engagement and sales, and we're looking forward to continuing our relationship with Allstate.
TWST: What regulatory obstacles or opportunities are on the horizon for the company, and what is management's strategy to manage any regulatory risk that is out there?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.