Life Insurance Industry On Track For Record Premium Growth

January 18, 2022 by Doug Bailey

The U.S. life insurance industry is on track to post its fastest premium growth in nearly 20 years, according to S&P Global Market Intelligence Report.

Released early last month, the report said strong consumer demand during the pandemic and a tailwind from a 12% overall expansion in premium sales in the third quarter of 2021 has readied the industry for a record-breaking 2021.

The Market Intelligence Report said life insurers could see at least 6.5% growth in “premiums and considerations” for the full year if volume held steady.

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Originally Posted at InsuranceNewsNet on January 14, 2022 by Doug Bailey.