Life insurers are the “dinosaurs of the 21st century,” warns Snowball

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Suncorp group chief executive Patrick Snowball, the man who previously ran Aviva’s UK operation, has warned life insurers they could die out unless they innovate and change.

In an exclusive interview with Post, Mr Snowball - who left Aviva in 2007 - said: "I think fundamentally the problem in the UK is that the life insurance company per se is the dinosaur of the 21st

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