Life insurers retain hope despite Euro crisis

A recent poll by broker Towers Watson found that the majority of Life insurers polled remain optimistic about the future.

Seven out of ten European life insurers (68 percent) surveyed said that they have a positive outlook for their businesses in spite of ongoing market turbulence.

“A sharp rise in the cost of accessing capital has been driven by escalating scarcity and a greater focus on risk,” said Michael Murphy, Continental Europe director of Towers Watson’s risk consulting and software business.

“Underperforming areas of business should be fixed or removed allowing the additional capital to be more effectively utilised to exploit strengths and deliver better results.”