Annuity issuers need to innovate: A.M. Best
August 18, 2017 by Editorial Staff
Boomer retirement, now well under way, was supposed to bring boom times to the life insurance industry, which alone can write life annuities. It hasn’t been working out that way, and a new report from A.M. Best explains why.
Individual annuity direct premiums written (DPW) declined by 4.9% in 2016 to $202.7 billion after tepid increases each year from 2012 to 2014, according to “Regulatory Uncertainty, Equity Market Volatility Lead to Shifting Trends in Individual Annuity Products,” the new report from the ratings agency.
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