With insurers looking to take full advantage of continued growth going into 2006 understanding changing market conditions is imperative, particularly with increasing competition on the horizon and continued margin erosion. This report looks at the changing market conditions in the L&P space in both Europe and North America.

• Covers both North America & Europe
• Areas covered include investment and premium growth outlooks, pension reform, consolidation, M&A and regulation.

The L&P recovery looks set to continue with continued strong investment performance where good results were driven largely by investment gains. While equity performance is still far from reaching levels before the downturn, modest growth looks set to continue, and despite remaining headwinds, market stability looks likely for the next 18 months

As the number or retirees grows, historic levels of state pension provision grow more untenable due to rising dependency ratios (the relationship between those of working and non-working age). The transfer from public to private pensions is certain to continue, particularly in Europe as governments continue to dramatically reform pension schemes.

The last 10 years has seen considerable growth in regulation and compliance is set to remain at the forefront of attention. In the US the inability to reach a consensus on modernization continues to frustrate, while in Europe, Pan-European directives in particular the Financial Services Action Plan will see far reaching consequences for insurers.

• Gain visibility on the latest developments in the European and North American L&P market
• Gain market insight to assist in your strategic planning and go-to-market strategy