Low interest rates will stymie growth in 2013 according to life insurance executives surveyed by LOMA for its 2013 forecast. Modest growth of around three percent is expected.
It has been noted that the life insurance industry must teach itself to adroitly navigate the changes that are on its plate for 2013, many of those within their control albeit the low interest rate environment which will remain until 2014 according to the Federal Reserve.
LOMA, who's 1,200 member companies across 80 countries undoubtedly have different challenges for the new year, still they rank the low interest rate environment as one of the most challenging.
