Sun Life has implemented a five-year plan to increase its share in the U.S. market for insurance is nearly $ 20 billion. This area is particularly interesting now because more companies are looking for ways to cut costs.
In addition, the agreement recently voted to increase the debt ceiling of the United States included a plan to cut more than $ 2 trillion in spending over the past ten years. The agreement could lead to significant cuts in public health insurance, which could lead many Americans to turn to private insurance plans.
Consequently, the Sun Life wants to develop products for employees, develop mechanisms to increase enrollment and specialized capabilities to sell to the United States. The investment should not be a problem to the company that already has a distribution network of products in the United States.
"We plan to accelerate our growth and increase our focus because we have a good base," said Wes Thompson, president of the U.S. division of Sun Life.
At the unveiling of its second quarter results, Sun Life reported a 40% growth in revenues from its operations in the United States and 25% in Asia.
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