News Asia16 Dec 2013

Australia:Insurers in good stead despite challenges

16 Dec 2013

The Australian life insurance industry will continue to see strong top-line growth after having expanded at a compound average growth rate of around 13 percent in the last six years. However, earnings are expected to remain under pressure in 2014, affected by rising lapse and claims rates in addition to reduced investment earnings from lower interest rates, says Fitch Ratings in a new report.

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