Company profile

Future of Pacific Life

#
Rank
989
| Quantumrun Global 1000

Pacific Life Insurance Company is a leading US insurance firm with more than half of the 100 largest US companies as its clients. Pacific Life offers a variety of services and investment products to individuals as well as businesses such as life insurance products, mutual funds, annuities, and pension plans.

Home Country:
Sector:
Industry:
Insurance - Life, Health (stock)
Website:
Founded:
1868
Global employee count:
3628
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$9032000000 USD
3y average revenue:
$8386666667 USD
Funds in reserve:
$61549469536 USD

Asset Performance

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the insurance industry means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial and insurance worlds—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking and insurance system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks and insurance companies.

COMPANY’S FUTURE PROSPECTS

Company Headlines