Best’s Market Segment Report: U.S. Life/Annuity Insurers on Solid Ground, But More Rapid Technology Advancement Needed to Keep Footing Secure
The Best’s Market Segment Report, titled, “U.
Although the industry saw some upward movement in interest rates in 2017, generally low inflation and strong global economic metrics kept the longer end of the 10-year yield curve relatively flat and further pressured companies with more interest-sensitive profiles such as universal life and fixed annuity products. Sales of mainstream L/A products continued to struggle in 2017 and may be challenged in the coming year as well.
Individual annuities, which account for over a quarter of total L/A direct premiums written (DPW), fell to
Still,
To access a copy of this special report, which also includes a look at the regulatory issues impacting the L/A industry along with outlooks on individual L/A sectors, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=270379.
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