Sales for Life Insurers Reach New Highs
Continued growth is expected, according to a new report from Conning, but insurers will have to deal with ongoing challenges that include hiring agents and implementing tech-savvy platforms.
INN Breaking News, September 5, 2013
Life insurance sales, driven by whole and universal life products, reached new highs with $39 billion in sales. However, annuity insurers received $198 billion in sales in 2012, a 9-percent decrease from 2011, according to a new Conning report. In the report, “Individual Life and Annuity Distribution and Marketing Annual Analysis and Developments 2013,” Conning attributes part of the decrease in annuity sales to low interest rates affecting the appeal of fixed annuities.
All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.