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That's according to LOMA, the insurance research group once known as the Life Officers Management Association. Bob Yates, head of European research in the property and casualty insurance research group at stockbrokers Fox-Pitt, Kelton in London, warned that the "prohibitive" cost of capital is making the insurance industry less attractive to investors. LIMRA International, a leading insurance research group, released a study in April that exposed a substantial unmet need among consumers interested in purchasing life insurance products. |
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