After a blistering 2022 in life/annuity sales, expect a cooler 2023, S&P says
July 26, 2022 by Steven A. Morelli
The life insurance and annuity industry were definite winners in the pandemic with their highest growth in premium in a decade, but that momentum might slow into the four years, according to the latest market report from S&P Global.
Even before the Federal Reserve started raising interest rates, the industry was benefiting from conditions around the COVID-19 pandemic, often because of greater mortality awareness boosting life sales. The equity market crash of 2020 prompted flights to safety, such as annuities.
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