Regulatory change forces consolidation in life industry

We have seen a lot of consolidation in the international life insurance industry over the past two years, driven by a period of difficult investment markets and substantial regulatory change. The industry has had to adapt to these changes. In the international market, the stronger providers have survived. Last year saw most of the larger groups increase business significantly after several difficult years. Nowhere has this been more evident in the with-profits market, where strong funds, such as our own at Norwich Union, have continued to attract strong inflows of business from the inter...