Every rose has its thorn

Demand for offshore life products continues unabated, with the latest statistics from the Association of British Insurers showing new business in the first quarter of 2007 grew significantly. The year-on-year growth rate was an impressive 34.6% for single premiums, and this was on top of the great increases in sales recorded in previous years. The figures should be a cause for celebration for the international life industry but a word of caution may be necessary. It is now thought the last Budget could have a bigger impact on sales going forward than first anticipated. The concern centr...