Chicago — Given the still-bleak economic outlook and impending regulatory reforms, 2009 projects to be a difficult year for U.S. life insurers, according to consulting firm Watson Wyatt.
"Low revenues and a volatile stock market will make 2009 a challenging year for the life insurance industry," says Craig Buck, U.S. head of insurance consulting at Watson Wyatt. "Many companies will focus heavily on transactions, products and pricing, risk management and regulatory reform."
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