According to the Federal Reserve, the Life Insurance and Annuities industry is one of the largest sources of investment capital in
Since the 1930s, the industry has been the largest source of bond financing in
The Life Insurance and Annuities industry has low market concentration, as the top four life insurers in
In the five years to 2017, industry revenue is forecast to grow at a healthy rate as the industry benefits from higher interest rate returns on bonds and other debt-market securities. Beyond this one-year gain, industry growth will remain restrained over the majority of the next five years, hampered by persistent unemployment. Investment income is also expected to be modest compared with pre-2008 levels as firms attempt to lower financial risks and improve stability.
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IBISWorld industry Report Key Topics
Operators within this industry are primarily engaged in accepting liability under annuities and life, disability income and accidental death and dismemberment insurance policies. Enterprises within this industry include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.