What Need Does It Serve?
Manulife offers a wide array of financial products and services, including insurance products, annuities, retirement-related services, mutual funds and investment management services to its clients.
Its end users include:Retail CustomersSmall to medium businesses,Institutional InvestorsCorporates
What Are The Alternatives?
Manulife business model faces stiff challenges and competition from offerings by its global competitors such as:AIGMetLifeNew York LifePrudential FinancialWells Fargo
Has 5 operating segments?
Asia Insurance: It provides life insurance, group life and health, and hospital coverage, along with wealth management products like mutual funds, pensions, variable annuities etc. in Hong Kong, Singapore, Indonesia, Taiwan, China, Japan, Vietnam, Malaysia, Thailand and the Philippines.
Canada Insurance: It offers individual life and living benefits insurance, Group life, health, disability, retirement and specialty products. It also provides Manulife’s wealth management products which include mutual funds, fixed & variable annuities, high interest savings accounts etc.
U.S Insurance: offers life insurance products, retirement plans, Mutual Funds, annuities and other wealth management products and services focused on individuals and businesses.
Global Wealth & Asset Management: provides fee-based wealth solutions to retail, retirement and institutional customers around the world.
Investment of Insurance Premiums: This segment represents the income generated by investing premiums in fixed maturity securities, equities, Mortgage loans and other financial instruments.