According to the latest research from Lehman Brothers “the life insurance industry appears to be vying with the Pentagon to see who can turn out more acronyms”.
Life insurance acronyms, it seems, are a big growth area, with new expressions to describe a new product, product feature, accounting construct, or distribution channel regularly appearing. Although designed to ease communication, the result has been investor confusion.
Lehman lists and explains 51 new acronyms and cites Prudential Financial and Hartford Life as among the most prolific coiners.
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