Life insurance industry unprepared for $7.8 trillion wealth transfer to beneficiaries by 2040

The Capgemini Research Institute’s World Life Insurance Report 2023, published today, highlights an unprecedented shift for life insurers as they face a significant outflow of assets under management (AUM), ahead of history’s largest inter-generational wealth transfer1. Currently, policyholders over the age of 65 own 40% of insurers’ AUM, which for…