Insurers’ Profits Seen Under Pressure Despite Growth - Study - WSJ.com
by admin on Jun.30, 2010, under Home insurance
ZURICH (Dow Jones)–Growth prospects for insurance companies are brightening after premiums declined last year, but low interest rates and intense competition mean that profits remain under pressure, a study by one of the world’s largest reinsurance companies found Tuesday.
A survey of insurance markets in 159 countries found that premiums contracted 1.1% in 2009 to $4.066 trillion, representing an improvement over the prior year, when premiums fell 3.6%. The property and casualty insurance sector, where premium income was stable, performed better than the life insurance sector, which experienced a fall in premiums, a …
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