Who has skin in the presidential race? Not insurers!
July 22, 2016 by Editorial Staff
Only 2% of insurers believe that the outcome of this year’s presidential race between Democrat Hillary Clinton and Republican Donald Trump will matter much to the fortunes of their industry.
They’re much more worried about low interest rates, according to a new A.M. Best Special Report titled “A.M. Best Spring 2016 Insurance Industry Survey.” The report assesses insurers’ opinions on market conditions, compliance costs, the Labor Department’s fiduciary rule, cyber risk, reinsurance trends and exposure to Puerto Rico’s municipal bonds.
Approximately three-fourths of insurers surveyed have lowered their target return-on-equity expectations to 10% or lower, a reflection of highly competitive market conditions remaining and the slow-growth economy, the report said.
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