convergence
In the financial services industry, convergence is the coming together of credit institutions and insurance companies to develop products that combine the elements of each industry sector.
convergence
In the financial services industry, convergence is the coming together of credit institutions and insurance companies to develop products that combine the elements of each industry sector.
Additional Information
It is also concurrent movements of the capital and insurance markets creating structured derivative securities from event risk cash flows and using customized insurance contracts as hedges to diversify financial portfolios heretofore managed by derivative securities.
