Home Breadcrumb caret Industry News Breadcrumb caret Industry European insurers facing tough times The Financial Times reports European insurers are taking sweeping measures to restructure in the face of narrowing opportunities to generate profits. 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 Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo