Swiss Re: profitability of western life insurers remains subdued

Carmen Reichman
clock

Life insurers in Western Europe are set to continue to suffer from shrinking markets and low profitability, while globally markets recover, according to global reinsurer Swiss Re.

In its study on world insurance in 2012, Swiss Re found that weak economic growth and high unemployment have curbed demand for life insurance products in Europe, while low interest rates have continued to dampen investment income. However, overall, the study found that global insurance premiums saw a rise of 2.4% to $4.6trn despite the challenges in western economies. The study, which is based on 147 insurance markets, predicted that globally premiums would continue to rise at a moderate pace in the near term as flagging life insurance demand in Europe is offset by growth in emerging ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Kevin Carr on AI: I don't think we've even seen the tip of the iceberg

Kevin Carr on AI: I don't think we've even seen the tip of the iceberg

'The technology is evolving faster than many of us can imagine'

Kevin Carr
clock 13 May 2026 • 4 min read
Life insurance: Complexity vs cost and the confidence gap

Life insurance: Complexity vs cost and the confidence gap

Complexity and uncertainty create frustration for consumers and operational drag for advisers

Kevin Carr
clock 30 April 2026 • 4 min read
Holloway Friendly and Wiltshire Friendly to merge

Holloway Friendly and Wiltshire Friendly to merge

No job losses anticipated

Jaskeet Briah
clock 20 April 2026 • 2 min read