The life settlements industry will emerge from its recent slump and conduct about $13 billion in business annually from this year until 2013, a consulting firm predicts.
The Aite Group L.L.C., Boston, is basing that forecast on the results of interviews with about 30 life settlement industry stakeholders.
Life settlements face an uncertain future due to limited availability of capital and investors' reduced taste for innovative financial products, according to Aite.
But the industry will benefit from state regulations validating its core offerings, and that will help it appeal to life insurance distributors, Aite says.
Industry technology vendors and service providers "are competing vigorously to establish preeminence and position themselves for various industry growth scenarios," says Clark Troy, a senior analyst with Aite.
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