regulatory reform
Insurance executives sour on business outlookPosted by RJ and Makay on Nov 11, 2011 |
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Many U.S. insurance industry executives believe that business conditions in the sector have deteriorated compared to a year ago. Faced with ongoing economic weakness and a stiffer regulatory environment, executives remain guarded about company performance and the industry’s ability to generate underwriting profit, according to a recent annual KPMG LLP survey conducted at its annual insurance industry conference.
Broker-dealers have faced numerous pressures the last few years, not the least of which is investor anxiety about the markets. Following last week’s market swings, small and mid-size broker-dealers expect reduced trading volumes in the coming months that will squeeze operating margins and possibly force some closures. Regulatory reform has added to these pressures, according to broker-dealer executives.
