The normal method of effecting a life assurance is by a series of premiums which the assurer pays out of his own pocket.
The share of ordinary life assurance funds held by the small assurer comes to no less than £436,000,000.
There have been such widespread scare stories that the business of the life assurers has suffered a severe drop in the past 18 months.
The argument on mutuality for life assurers is more complex than for building societies, and we must be aware of some dangers.
The idea that insurance companies are absolute assurers of risk is often not borne out in practice.
In general, people still remain dependent on the building society, the bank assurer whom they first contact, or the tied adviser who first contacts them.
I wish to remove the word 'fragmentation' in the first sentence, and then in the second sentence replace the word 'assurer' (ensure) with 'renforcer' (reinforce).
