As insurers look forward to the potential benefits the new year may bring, experts are tempering expectations some in light of the unsettled nature of few key areas.

In a report released today by PricewaterhouseCoopers LLP (PWC), the insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the aftermath of the financial crisis. Within five years, PWC believes the industry landscape could look markedly different, and Americans may find their insurance policies underwritten by a handful of large, well-capitalized firms that can demonstrate financial strength and economies of scale.

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