Tag: insurance industry outlook

Life Insurance and Annuity Growth in Focus: Key Trends Shaping the US Insurance Market

Live Insurance News
Life Insurance and Annuity Growth

Modest Growth Expected for U.S. Life/Annuity Insurance Sector Through 2025 Despite market volatility and economic uncertainties, the U.S. life and annuity (L/A) insurance sector is projected for modest growth over the next two years. According to Best’s Market Segment Report, the industry will see a boost of approximately $48 billion in capital and surplus combined through 2024 and 2025. Additionally, net income is expected to climb to $51.1 billion in 2025, exceeding pre-pandemic levels by a significant margin. However, while the numbers signal progress, the challenges ahead are as thought-provoking…

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Insurance industry growth is anticipated to continue through 2020

H. Cutner
Insurance Industry 2020

Munich Re predicts that the strength of the sector will continue on over the next 7 years. According to the Insurance Market Outlook 2013, which was just released by Munich Re, the global insurance industry will continue with strong growth over several years to come, especially in emerging nations. The report showed that there will be slower growth in reinsurance than in the primary coverage sector. The chief economist at Munich Re, Michael Menhart, said about the insurance industry’s future, that “The global economic recovery is also benefiting the insurance…

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Insurance and business executives gather in New York City to examine the insurance industry

S.Vagus

This week, leaders from the insurance, financial services, legal and media industries gathered in New York City for the annual New York City Dinner at the St. Regis Hotel. The dinner serves a form of intimate conference catering to the executives that run the numerous industries. This year, the event held particular meaning as the leaders of the two most influential and successful insurance corporations spoke about the state of the world’s insurance industry. Lloyd’s of London CEO Lord Pete Levene was joined by Brian Duperreault, CEO of Marsh &…

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