Best’s Market Segment Report: AM Best Maintains Stable Outlook on U.S. Life/Annuity Industry
AM Best is maintaining a stable market segment outlook on the
In its new Best’s Market Segment Report, “Market Segment Outlook:
The report notes that despite some earnings volatility, capital markets gains and diversified earnings streams have helped offset the mortality impacts of COVID-19. Additionally, the industry has seen robust sales of new business in life and annuity products.
“Many leading companies generated record sales and reported solid earnings performance in the second and third quarters of the year; however, spiking interest rates have significantly impacted the third-quarter earnings of companies, particularly those with interest-sensitive liabilities,” said
Although higher interest rates create an economic benefit owing to improved investment yields, other dynamics in the industry should continue to be monitored as well, according to the report. These include market-sensitive lapse rates, asset credit risk and the ongoing need to attract talent. The segment also may see more disruptions as competition evolves, business models change, automation and artificial intelligence advance, and environmental, social, and governance awareness grows.
“Insurers who are able to manage technological improvements and transform for the better have the potential to drive the industry forward,” said
To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=326389.
To view a video with AM Best Managing Director
Leading AM Best analysts will review 2023 market segment outlooks for the
To view current Best’s Market Segment Outlooks, please visit http://www.ambest.com/ratings/RatingOutlook.asp.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in
Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Source: AM Best
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