The new requirements are due to take effect next year
Variety of insurance products sold online will grow
There are concerns that clients won’t be able to afford life insurance or that other jurisdictions may follow suit
New tax rules, combined with sustained low interest rates and new capital requirements, are creating significant challenges for insurance carriers
U.S. Life insurers unchanged
Regulation is one factor driving the consolidation trend
Regulation, which was ranked as the top threat the previous three years, has now fallen out of the top five in a global poll
An aging advisor workforce, evolving technology and changing customer expectations is resulting in a need for younger advisors and data scientists, experts suggest
At least 40% of North American life insurers now have affiliated asset managers
The results of Canadian life insurers “are inherently more volatile” than for their U.S. peers, due to differences in accounting regimes