The Rising Influence of Rising Affluence

[DewDiligence]

MET, WeSure ink insurance partnership for China:

https://finance.yahoo.com/news/metlife-wesure-form-strategic-digital-102600411.html

Global Life and Health insurer MetLife and WeSure, digital insurance provider owned by Tencent, today announced a strategic partnership to offer insurance solutions to travellers through Tencent’s WeSure online insurance platform.

This alliance marries WeSure’s extensive base of 1 billion monthly active users on Tencent’s mobile social communications platform, WeChat, with MetLife’s global expertise in life and health protection solutions, and enables both parties to collaborate in fields such as big-data analysis, tailor-made and intelligent value-added services to deliver easier to use, more transparent end-to-end protection solutions for Chinese travellers.

Having spun off its legacy US-life-insurance business (now trading as BHF), MET is both a conservative stock and a thematic name for this message board, deriving a substantial portion of sales and profits from emerging markets.

Moreover, MET’s earnings will increase if long-term interest rates rise a little (but not unduly).

Last but not least, the stock is currently cheap due to some one-off mishaps (such as not paying all of the pensioners who owned policies).