Continuing low interest rates remain the primary concern of nearly half of the chief financial officers at North American life insurance companies, according to a new report.
Professional services firm Towers Watson (NYSE, NASDAQ: TW), New York, released this finding in a summary of results from a survey of North American CFOs. Thirty CFOs, 19% of the 162 CFOs invited, participated in the research, titled, “Life Insurance CFO Survey: Low Interest Rate Environment.”
The respondents are primarily from large and midsize life insurance companies in North America; 67% of responding companies have assets of $5 billion or more, and 20% are multinationals.
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