Life insurers are the "dinosaurs of the 21st century," warns Suncorp

In an exclusive interview with Incisive Media's 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 century. "The reason I say that is these firms are trying to sell 30 year products in a world where consumers want to access and switch, if not every year, then at least every five years." Mr Snowball added: "Now [former Aviva Life, now Aviva UK CEO] Mark [Hodges] has done a great job in re-engineering Aviva Life, and it was the plan that he and I put in place three years ag...