(Source: Ernst & Young LLP) US life-annuity insurers will enter 2016 in relatively good financial condition, though rapid advances in technology, rising customer expectations and increasing competition will require insurers to reinvent their strategies, services and processes, according to the 2016 EY US life-annuity insurance outlook. 'Global economic conditions, regulatory and monetary policies, and the political landscape will are still concerns for the industry, which means taking decisive action is important for life-annuity insurers to stay ahead of the curve,' said Doug French, Principal, Financial Services and Insurance and Actuarial Services at Ernst & Young LLP. 'After years of...
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