The CEO of Insurance Life, Noriko Nakayama, met with executives from all subsidiaries to discuss current events and business for the past quarter. Executives were stationed around a large conference table in a small room in a high-rise building in Tokyo.
Noriko began by saying that the company’s core purpose is to aid people in need. She also said that their opinions have been noted and have been taken into deep consideration, but it is necessary to keep up with the times and adapt in order to survive in the future economic climate.The main issue at hand was what they can do to maintain profits for investors and shareholders, while still keeping up with the core mandate of helping people in need.After some time, the representative from Middle Eastern Insurance came forward with an idea.
He suggested that they move their business model to a more American scheme of operation. Thus, the future of Insurance Life will be determined by one question: “Will you be able to pay for your insurance?”What do you think of the future of Insurance Life, and their new business model?The question that will determine the future of Insurance Life is: “Will you be able to pay for your insurance?”” This means that if people can’t afford their insurance premiums, then they won’t be covered. If something unfortunate were to happen and these people needed to file a claim, they would be out of luck. It’s concerning that a company like Insurance Life is moving towards this new business model. It seems as if they are more focused on profits than on helping people in need.
This could have devastating consequences for people who can’t afford to pay for their insurance premiums. Furthermore, if their incomes are low in the first place, then they will be faced with even more hardships.I feel that this new business model is very concerning and worrisome to many people. I wouldn’t want to depend on an insurance company that puts making money at a higher priority than helping others in need. There are much better options out there that don’t have such unfavorable conditions.
What do you think of the future of Insurance Life, and their new business model?
Let us know in the comments below!The future of Insurance Life is uncertain. They are moving towards a new business model in which people will be unable to pay for their insurance if they can’t afford it. This is a concerning change, as it seems more focused on profits than on helping people in need. People who are already struggling will be hit the hardest by this new policy. There are better options out there that don’t have such unfavorable conditions.