Thursday, June 25, 2009
Life insurance companies to thrive in the long term, study suggests
This year may be weak, but the sector will bounce back by 2011, Conning predicts
Life insurance companies are struggling to emerge from the shadows of 2008’s losses, but in the long run they will prosper, according to a study from Conning & Co.
The Hartford, Conn.-based research firm estimated that the industry had a statutory net loss of $51 billion. Although realized and unrealized capital losses will continue to hobble carriers at least through this year, Conning predicted growth for the industry between 2009 and 2011, stimulated by estate planning and consumers’ need for stable investment alternatives...
Investment News: Life insurance companies to thrive in the long term, study suggests
Life insurance companies are struggling to emerge from the shadows of 2008’s losses, but in the long run they will prosper, according to a study from Conning & Co.
The Hartford, Conn.-based research firm estimated that the industry had a statutory net loss of $51 billion. Although realized and unrealized capital losses will continue to hobble carriers at least through this year, Conning predicted growth for the industry between 2009 and 2011, stimulated by estate planning and consumers’ need for stable investment alternatives...
Investment News: Life insurance companies to thrive in the long term, study suggests
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