The monthly insurance industry update
By Steve Savant
The insurance industry continues to contract with the sale of Aviva to Athene. The sale of Aviva comes in light of a continued low interest rate environment that has some carriers fleeing the guaranteed universal life market and some annuity carriers attempting to survive. Help may be on the way. Some financial experts see rates rising in 2013, a headline that would shake up the industry if it actually happens. Steve and Eric discuss the Aviva sale and talk about Athene as they talk about industry predictions for 2013.