Insurance companies are looking to non-traditional sources of growth amid growing financial pressures, according to a study by Cerulli Associates, and many are turning to the defined benefit pension market.
The study, "Annuities and Insurance 2013: Balancing Shrinking Supply and Increasing Demand for Guarantees," examined the variable annuity, insurance and insurance sub-advisory marketplaces, focusing on distribution, product development and asset management.
It found that many insurers are scrambling to diversify the types of products they offer, and that defined benefit plans are turning into a major boon for the industry.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
