The Insurance Industry Isn't Getting It Right - It's Getting Too Complex

The financial industry is pretty good at taking a product and then driving it home, like mutual funds. Somehow they haven't figured out how to do that with this product. Instead of simplifying it and making it accessible, they've complexified it to the nth degree and made it completely inaccessible. I just wish there was a world in which the insurance providers would provide insurance as opposed to bundling it with so much investment management because that's effectively swamping these other kinds of needs," he says.