Author: Peter Manchester
The European life insurance market is facing several challenges and opportunities that are going to shape the future of the industry. Chief among these is an aging European population, which is having a polarizing effect on how insurers service their clients, as well as how they win new ones. A key impact of these aging populations is that state-funded pensions are becoming costlier to manage. Governments are responding by placing more responsibility on individuals to plan for their own retirement, which is shifting the emphasis to private sector solutions. For instance, in the UK, the introduction of automatic enrollment in…