New life insurance business dropped in March Qtr
New business in most product categories of life insurance written by Financial Services Council members fell sharply in the March quarter compared with both the previous quarter and the March quarter last year.
Partners Life also experienced a small drop in new business compared with the December quarter but still increased its market share. The FSC figures show total new business written in the four major categories fell to $33.1 million in the March quarter, down 20% from $41.3 million in December quarter. It was down 10.6% compared with $37 million in the March quarter last year. Partners Life's new business of $6 ...MORE»
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