Slow Economy to Hit Life Insurers Harder Than P&C
Increasing premium rates should keep P&C insurers safe from the slow growth environment as most recover from Sandy losses, according to a new report from Moodys.
January 29, 2013
Although the industry sectors share challenges, including the continuing weak global recovery, Moody's says life insurers will be the most impacted by a slow growth environment, given that their products are often discretionary purchases. Low interest rates will also weigh on life insurers' margins.
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