|
|
Article: Chief actuaries say higher interest rates could affect future surplus adequacy, Tillinghast study shows.
- Article from:
- Business Wire
- Article date:
- April 20, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK--(BUSINESS WIRE)--April 20, 1995--Future surplus adequacy could be seriously impaired by higher interest rates, according to Tillinghast's 1994 Life Insurance Industry Chief Actuary Survey.
Chief actuaries ranked more than a dozen issues that could affect future surplus adequacy for life insurers. Eighty-four percent rated "higher interest rates" as a top concern. Seventy-three percent cited "tax-law changes," 71% listed "inadequate pricing" and 65% mentioned "new insurance regulations."
"Surplus adequacy is a key measure of financial stability for life insurers. Significantly, almost half (49%) of the study respondents thought higher interest rates ...