Life Insurance & Annuities in the US - Market Research Report (2014-2029)

Revenue for life insurance and annuity providers has displayed significant volatility over the past few years. COVID-19 led to a recession that slowed demand for insurance providers’ services, causing revenue to plunge in 2020. These trends reversed in 2021 and 2022 when the pandemic ended. When inflation peaked in 2022, the Federal Reserve began raising interest rates, which increased the cost of borrowing, leading to a drop in consumer demand and investment in capital. These changes have threatened GDP growth, fostering greater recessionary fears. As a result, both individuals and businesses have been less inclined to invest in life insurance and annuities, fearing future economic instability. On the flip side, the industry has also benefited from higher investment incomes due to the elevated interest rates, keeping revenue growth relatively robust.

近年来，人寿保险及年金提供商的收益表现出显著的波动性。COVID-19疫情引发的衰退减缓了对保险服务需求的增长，导致2020年收益急剧下降。这些趋势在疫情结束的2021年和2022年得以逆转。2022年通货膨胀达到峰值时，美联储开始提高利率，这增加了借贷成本，导致消费者需求和对资本的投资下降。这些变化威胁了GDP的增长，加剧了经济衰退的担忧。因此，个人和企业均趋于减少在人寿保险及年金上的投资，担忧未来经济的不稳定性。另一方面，由于利率上升，该行业也得益于更高的投资收益，保持了收益增长的相对稳健。