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Stock impact report

Sun Life raises some premiums, highlighting challenges of low interest rates for insurers [Financial Post (Toronto, Ontario, Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Company Research Source: Financial Post
Sun Life raises some premiums, highlighting challenges of low interest rates for insurers Insurers are facing higher payouts on insurance policies due to the outbreak, while market volatility and plunging yields threaten investment losses TORONTO — Canada’s second-biggest life insurer, Sun Life Financial Inc., raised premium rates on some life insurance and critical illness policies by up to 27 per cent for new applicants on Monday, to help offset the hit from decade-low interest rates in Canada. The move highlights the hit to the sector from a slide in the benchmark interest rate to 0.25 per cent and economic uncertainties from the COVID-19 pandemic. Insurers around the world are facing higher payouts on business and life insurance policies due to the outbreak, while market volatility and plunging yields threaten investment losses, limiting their ability to make the payments. Sun Life has not raised rates for less interest-sensitive products in this round of adjustments, and the chan Show less Read more
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