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.
INN Breaking News, 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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