FSOC 2016: Brokers and insurers show little growth

June 23, 2016 by Arthur D. Postal

Life insurers reported a slight decrease in premiums along with greater use of reinsurance in 2014, according to the latest report of the Financial Stability Oversight Council (FSOC), citing the slow growth as a product of the current consistent low interest rate environment.

But, lower reserve increases than in 2014 allowed for an increase in net income for life insurers, the report said.

At the same time, the report noted the continuing consolidation of the broker-dealer industry. 

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Originally Posted at LifeHealthPro on June 22, 2016 by Arthur D. Postal.