Asset Managers Are Eating Life Insurers’ Share
October 21, 2020 by Allison Bell
Retirement accounts and mutual fund companies ripped about $3 trillion in assets away from U.S. life insurers between 1995 and 2019, according to analysts at Ernst & Young.
The EY analysts found that life insurers’ share of U.S. household assets fell to 4% in 2019, from 10% in 1995.
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Originally Posted at ThinkAdvisor on October 16, 2020 by Allison Bell.
Categories: Industry Articles