Cases on Insurance Companies
5.1 Trends in the Insurance Industry
In mature markets, the Life and Savings (L&S) market comprising traditional savings and unit-linked products, suffers when a low-interest-rate environment and economic uncertainty prevails. The annuity segment within the L&S market is declining as industry participants reduce benefits and increase charges in the variable annuity industry.
In high-growth markets in Asian countries (e.g., Hong Kong, Singapore, Thailand) and Latin American countries (e.g., Mexico), the L&S segment is seeing double-digit growth rates due to increased accessibility of insurance products and changing individual habits. Trends such as changes in regulations have affected the L&S insurance industry in ...