Higher interest rates transforming life insurance growth and profitability: Swiss Re
June 13, 2024 by Kane Wells
Higher interest rates worldwide are reportedly transforming the outlook for life insurance growth and profitability, with a new high anticipated for US fixed annuity sales this year after record sales in 2022 and 2023, as per a new Swiss Re Institute report.
Jérôme Jean Haegeli, Swiss Re’s Group Chief Economist, commented, “Higher interest rates are a game changer, providing life insurance and pension products a tailwind to much better tackle the retirement savings challenges of aging demographics.
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Originally Posted at Reinsurance News on May 28, 2024 by Kane Wells.
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