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Life insurance companies could face tough 2009

Tue, 20 Jan 2009

According to reports from the life insurance industry, 2009 could be a tough year for life insurance companies . This sector of the insurance industry is being watched closely, and investors may be scared off by increasing levels of delinquency.

Life assurance businesses have been hit hard by investment losses, with many facing huge losses on their investment books. Legal and General and Old Mutual both saw investment hard hit.

The largest life insurance company in the UK, Aviva, was buoyed by foreign sales and life and pensions sales remains largely unchanged. Similarly, for Prudential, sales of life insurance policies have stayed buoyant.
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