NU Online News Service, Dec. 4, 2003, 6:07 p.m. EST – Years of low interest rates and volatility in the stock market have caused senior insurance company executives to shift their focus from asset management back to insurance basics, according to researchers at Deloitte & Touche L.L.P., New York.[@@]
New Deloitte survey results reveal that 79% of insurance executives believe that the insurance industry is overly dependent on healthy investment returns. At the same time, 86% feel improving their core insurance operations is the best route to strong profits.
Outside researchers conducted the survey for Deloitte in August and September.
Eighty senior insurance executives were asked about the key challenges and opportunities faced by insurers in the current economy.
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One-third of survey respondents were based in Europe, 28% from the United States and 22% from the Asia-Pacific region.