Chicago — It’s not news to anyone that the financial services industry has been hit hard, and life insurers are not exempt. Many analysts and consultants have announced their research and predictions of when insurers will see better days and thoughts on what it means to technology spend. The latest comes from Conning Research & Consulting Inc., which states while some long-term trends look favorable for the life insurance industry, short-term challenges will occupy the attention of senior management for the next two to three years due to the impact of the financial crisis.

Conning’s projected results for 2008 indicate a drop in ending surplus, plus AVR (asset valuation reserve) of about $75 billion to $237 billion—a 24% decline from 2007.

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