Health
Spike in Middle-Aged Deaths Poses Conundrum for UK Insurers
- Bloomberg Intelligence notes rise among 40- to 44-year olds
- UK life insurance companies at risk of jump in claim costs
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An unusual spike in deaths among middle-aged Britons could hit profits at insurers Aviva Plc and Legal & General Group Plc, according to a Bloomberg Intelligence report.
The mortality rate for 40- to 44-year-olds worsened the most in the first half of 2023, analysis of Office for National Statistics data showed. The number of age-standardized deaths per 100,000 rose 6% in the same period, following two years of declines.