The life insurance industry is at an “inflection point” which challenges its long-term sustainability and demands fundamental change: this was the consensus view from a panel of industry leaders comprising regulators, re-insurers and product manufacturers.
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Financial advisers have been “inundated” with enquiries from clients during the COVID-19 pandemic and people without advisers had struggled to find someone to help them, the FSC’s Life Insurance Summit was told.
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On 23 July the Government released its Economic and Fiscal Update, reflecting the health of the economy over the 2019-20 financial year, and providing important forecasts for 2020-21.
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