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COVID-19 and Annuity Providers
River and MercantileLink to more items from this source
May 27, 2021

"Many insurers participating in the Pension Risk Transfer (PRT) arena saw a modest decline in solvency throughout 2020, although balance sheets remained strong at the end of the year.... Impact of higher death rates has been manageable ... The economic downturn has weakened investment portfolios ... Low interest rates have weighed on profitability."

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