Longer lives pose growing opportunity, bigger risks for insurers
A confluence of demographic and economic trends make longevity risks perhaps the biggest growth opportunity for insurers, but writing such long-tail coverage profitably also might present the industry with its biggest challenge in the decades ahead. Retirement financing and securing lifetime income are the main objectives for most annuities holders today, according to the latest “Voice of the Insurance Consumer” survey by Deloitte’s Center for Financial Services. That means the stage is already set for potentially dramatic market expansion, given [...]