How the life insurance industry can restore its relevance
January 7, 2025 by Ramnath Balasubramanian
The life insurance industry has some bright spots. High interest rates have spurred demand and annuity sales have reached record levels. In other ways, though, there are distinct shadows. The sector’s rate of growth is slower than that of gross domestic product, and performance among public companies lags that of their financial-services peers.
An important underlying reason for these sobering trends is that as social norms change, many households don’t see the relevance of traditional life insurance products.
Originally Posted at InsuranceNewsNet on January 6, 2025 by Ramnath Balasubramanian.
Categories: Industry Articles
