After recovering in 2014 from losses due to declining group annuity sales, the Life Insurance and Annuities industry is expected to benefit as financial markets continue to steadily improve. Over the five years to 2017, macroeconomic conditions, such as consumer confidence, employment and corporate profit, have lifted the value of assets and boosted investment income for industry operators. Increasing household affluence, an aging population and households taking on a greater role in retirement planning will support premium growth over the five years to 2022.
Operators within this industry are primarily engaged in accepting liability under annuities and life, disability income and accidental death and dismemberment insurance policies. Enterprises within this industry include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.