International life assurers have been hit by the reduction in financial strength of their parents. However, demand for with-profits continues and for those that can weather the storm, the outlook is brighter
With falls in the levels of solvency cover for UK life insurers, what effect has this had on the international market? The financial strength of UK life insurance companies has been a hot topic for debate over recent months. In a recently-published review, PricewaterhouseCoopers has analysed the changes to the financial position of the major UK with-profit insurers and assessed some of the causes of these changes. Over one-third of UK life companies have international life operations, so the impact for international investors is potentially significant. Depressed equity markets During ...
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