European insurers facing tough times

By Staff | January 23, 2013 | Last updated on January 23, 2013
1 min read

The Financial Times reports European insurers are taking sweeping measures to restructure in the face of narrowing opportunities to generate profits.

“Anaemic economic growth in mature markets has left both life and non-life insurers with lacklustre demand for their products…. Low interest rates have the potential to cause still bigger problems. This is particularly so for life assurers, which have less flexibility to change policyholders’ terms, although weak investment returns also hurt their non-life peers’ profitability,” the report says.

Read also:

Aviva sells U.S. operations

Changing lifecycles put premium on insurance

Insurance for young people staff


The staff of have been covering news for financial advisors since 1998.