What Need Does It Serve?
MetLife provides life insurance, accident & health insurance, retirement & savings, and credit insurance services to
Its end users include:
Retail CustomersCorporates
What Are The Alternatives?
MetLife business model faces stiff challenges and competition from offerings by its global competitors such as:
American International Group Inc.Hartford Financial Services Group IncPrudential FinancialNew York Life
Travelers
Has 5 operating segments?
U.S Segment: This is the largest segment in terms of revenue which provides insurance coverage to both businesses and individuals. It could be divided into three businesses –
Group Benefits – offers solutions such as term, variable, and universal life insurance, disability coverage, and dental solutions
Retirement & Income Solutions – includes pension risk transfers, and stable value products
Property & Casualty – offers solutions for automobile, property, and small businesses
Asia Segment: It offers life insurance, accident & health insurance, and retirement & savings plan to businesses and individuals in 10 Asian markets along with Japan.
Latin America Segment: It provides life insurance, accident & health insurance, retirement & savings, and credit insurance to businesses and individuals in 7 Latin American jurisdictions along with Mexico & Chile.
EMEA Segment: It offers life insurance, accident & health insurance, retirement & savings, and credit insurance to businesses and individuals and has its largest base in the Gulf region, Poland, the UK, and Turkey.
MetLife Holdings & Corporates: It comprises of products such as term insurance, variable insurance, universal life insurance, and various annuities products that the company has stopped marketing actively.
Furthermore, the company invests insurance premiums collected across all its insurance products in assets such as bonds, equities, and mortgages.