Publication Date: 16th November 2017
The role of life insurance in helping individuals achieve peace of mind and financial security is significant. In a low interest rate environment, insurers have an even bigger role to play as individuals may struggle to find investments with appropriate returns. Life insurance can provide investment performance in combination with a secure insurance guarantee and a death benefit for beneficiaries. However, the industry is not immune to low interest rates. This Issue Brief, based on a survey with senior executives of leading life insurers, reports on the industry's response to the challenges created by low interest rates.