Article by Hannah Braime

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Article by Stuart Laing

A survey for the homeless charity Shelter has revealed that in 2007, more than one million people in the UK have used a credit card to pay their mortgage.

It seems that young people, including first time buyers are so eager to remain on the property ladder that they have resorted to this drastic action. More that 7.5% of populated aged 18-24 have admitting paying their mortgage with their credit card.

But if you think that’s bad, it gets even worse.

It has been reported that some mortgage lenders are actually advising their customers who have repayment problems to take this course of action.

Truly Shocking!

The interest rate on most credit cards is at least 50% higher than even the worst mortgage rates available in the sub-prime sector. And the repayment schedule for your credit card debt will be spread over a much shorter period of time.

So in effect you’re swapping long-term, low-cost debt for short-term, high-cost debt.

Even if you use a credit card that provides 0% interest on purchases, the debt will still have to be repaid at some point in the future.

Okay, it might buy you a little time when you don’t have to pay interest, but when the interest free period comes to an end, you’ll have to find another 0% deal, which might be almost impossible in the current economic climate. Credit card providers are clamping down on easy credit, special 0% interest rate deals are scarce and many lenders have implemented balance transfer fees.

And if you miss your credit card payment date merely once, whatsoever special deals may be canceled and you’ll have to start paying a hefty rate of interest, in addition to your continuing mortgage repayments.

So wherever you live, if you’re having problems making your monthly mortgage payments, don’t follow such reckless and irresponsible advice. Once you cross this danagerous financial barrier, the countdown to repossession starts ticking.

If you find yourself struggling to repay your mortgage, there are several options worth exploring.

The first step it to talk to your lender and see if they tin suggest whatever sensible solutions to help you overcome the problem. Don’t let these reports about irresponsible lenders put you off contacting your mortgage provider. They may be able to offer you a solution that doesn’t regarding making your situation worse.

If your financial problems are sole likely to be temporary, you may be able to arrange a payment holiday so that you don’t have to make mortgage repayments for two or three months.

However, in many cases, this option will only be available if you’ve previously made overpayments. It also mean that the overall size of your mortgage debt will rise somewhat.

Alternatively, you could shift the monthly payment date so that your mortgage payment is deducted from your bank account just after your salary has been paid in.

On the other hand, if your repayment problems are likely to exist for the foreseeable future, it’s important to consider other ways to reduce the size of your monthly repayments.

You could extend the term of your bonding, repaying it over 27 or 28 years instead of 25, or you could switch from a repayment mortgage to an interest only mortgage until your financial problems pass.

However, both of these are major financial decisions that should only be taken after advantageous financial advice from a professionally qualified advisor.

As a last resort you could reckoning stepping off the property ladder temporarily. At the time of writing, the property markets in many countries are generally thought to be overvalued and this would allow you to find a more affordable home once the property markets return to sensible levels.

Whatever happens, don’t default on any of your mortgage repayments as it will dent your credit rating and could lead to an increase in the rate of interest that you have to pay on your debts.

Just make sure that you find a safer solution than whipping out your credit card!

About the Author

For more debt reduction information, visit Stuart Laing’s website at icanhelpyougetoutofdebt.com

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IBISWorld Market Research

Los Angeles, CA (PRWEB) April 15, 2012

The US Credit Bureaus and Credit Rating Agencies industry manages information for hundreds of millions of consumers and businesses. The industry is responsible for mitigating risk, regulating activity and standardizing information for clients, including investors, credit issuers, investment banks, broker-dealers, governments and consumers. The industry is categorized into two groups: credit bureaus and credit rating agencies (CRAs). Credit bureaus help lenders assess the creditworthiness of prospective customers by collecting information on consumer borrowing and repayment histories. In contrast, CRAs are in the business of evaluating risk and assigning ratings to various credit issuers and debt instruments.
Before the subprime crisis, revenue for the Credit Bureaus and Rating Agencies industry surged due to weak lending standards and low interest rates. During this period, consumers funding spending through credit card debt, bonding financing and home equity loans. Industry growth reversed quickly in late 2007, when the subprime mortgage crisis erupted. As credit marketed freezing, lending standards increased and the United States spiraled into a recession. In turn, the demand for credit rating serviced declined as investors lost their appetite for debt instruments. According to IBISWorld industry analyst Eben Jose, the demand for consumer credit reports also faltered because higher lending standards decimated the volume of credit applications. In 2010, this slued began to reverse as lending standards softened and the economy returned to growth. Growth accelerated in 2011, with industry revenue growing 8.3%. Revenue is expected to keeping growing at a high ranking, increasing an estimated 13.4% to $ 10.5 billion in 2012. As a result, industry revenue is expected to increase at a mean annual rate of 3.0% in the five years to 2012.
The US Credit Bureaus and Rating Agencies industry is moderately concentrated. The top players include Experian Group, Equifax Inc., Moody’s Corporation, The McGraw-Hill Companies Inc. and Trans union LLC. Credit bureaus and CRAs benefit from economies of scale and high barriers to entry. Larger CRAs also tend to have strong brand recognition, which is important in a reputation-based industry. Credit bureaus also benefit from government regulations, such as the FACT Act, which allows consumers to request and obtain a free credit report once every twelve months from each of the three nationwide consumer credit reporting companies (i.e. Experian, Equifax and TransUnion). This arrangement has supported growth because companies are allowed to offer additional products and services to individuals who request free credit reports. Industry growth is expected to pick up speed over the next five years as the economic recovery turns the corner. The financial sector is expected to stabilize, and banks are expected to lower their lending standards, says Jose. The national unemployment rate is also projected to decrease. As a result, businesses and consumers will increase lending activity, which will increase demand for credit reports and rating services. In the five years to 2017, industry revenue is projected to increase. Profit margins are also expected to increase over the period due to the development of new technology and automation of services, which will improve productivity and increase product offerings. For more information, visit IBISWorld’s Credit Bureaus and Rating Agencies report in the US industry page.

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IBISWorld industry Report Key Topics

This industry comprises firms that provide information, opinions and ratings on the creditworthiness of particular companies, individuals, securities or financial obligations. The industry can be divided into two primary groups: credit bureaus and credit rating agencies (CRAs). Credit bureaus provide services related to consumer information, while CRAs generally focus on businesses, governments, securities and the financial markets.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional serve and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Article by Josh Neumann

So you are looking for the right mortgage debt consolidation loan company for you? With the thousands of mortgage debt consolidation companies available today, finding the right one can be a daunting task.

In fact, a quick Google search will literally provide millions of results in your search. So how can you find the right company for you? Here are some tips to help you quickly find the right company for you and help you eliminate your debt.

First of all, before you go about finding the right mortgage debt consolidation loan company, you need to know why you want a debt consolidation mortgage loan. Here are some important reasons why this might be a good option for you. First of all, you will pay a lower interest rate than you oftentimes would with a high APR credit card.

Another important thing is that a mortgage debt consolidation company will help you stay out of debt permanently. Quite simply, when you only have one payment to pay away instead of multiple, this will make it much simpler to keep track of your debts.

So where can you start to look for the best mortgage debt consolidation company for you? As is anything today, there is an abundance of information on the Internet, you tin find just about anything you want to. Literally thousands of mortgage debt consolidation firms are available the click of an adding, making finding the right one a rather daunting task.

The key is to narrow it down to certain companies that will work for your specific situation; not every company will do this. Once you narrow down your search, simply give those companies a call and evaluate their customer service while doing so. Of course, the interest rates that they provide you will be a big factor in your choice as well; whichever company offers the lowest interest rate should be a great starting point, although they are not necessarily the best.

Finally, check with any friends or family members you know who’ve already used a mortgage debt consolidation loan company, and find out how their experience was. Follow these important steps and you’ll achieve the debt consolidation you need quickly and easily

About the Author

For
personal debt and credit counseling tips, visit
online-loan-consolidation-tips.com, and learn about

poor credit student loans and others.

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Denver, Colorado (PRWEB) April 05, 2012

Capdominus, LLC recently launched capdominus.com, a cloud-based capital markets platform that simplifies the capital raising process, and has already grown its network to over 10,000 users in just 45 days. Commercial mortgage brokers and real estate owners, sponsors and advisers utilize Capdominus to create and manage exclusive networks of mortgage lenders and equity partners in order to expedite funding for commercial real estate.

Capdominus’ President, Marcus J. Mollmann explains, “We equip a commercial real estate professional with a comprehensive capital markets platform from which they can raise commercial mortgage debt and real estate private equity.”

The Capdominus platform is already utilized by over 10,000 institutional capital sources, commercial mortgage brokers and real estate investors, owners and developers.

Mr. Mollmann describes the benefits, “We facilitate the flow of information and enhance communication between our members and their mortgage lenders and equity investors while monitoring the progress of a commercial real estate financing.”

Capdominus integrates a member’s database of prospective capital sources with CRM functionality, a deal flow management platform, a collaborative communications portal and our iDiligence™ Deal Room so that a member can distribute deal information and updates, manage secure deal access and crevonfidentiality, respond to questions or requests, monitor progress and access the latest announcements and program updates from their capital partners while generating sophisticated intelligence about capital sources. This intelligence creates a dynamic profile of each capital source and their investment preferences to build a smart, living capital database that is less reliant on user input. Then, by utilizing Capdominus’ proprietary algorithms and network data, our members can quickly identify the right capital partners for any particular financing need.

“Now our members know exactly who should be the first call for their commercial mortgage debt or real estate equity needs, just like Amazon knows which book you might enjoy. To be successful raising capital in today’s environment, its not enough just to know a lot of capital sources, you must also know the correct capital source for a particular financing need,” explains Mr. Mollmann.

Capdominus’ CRM functionality and communication tool help our members manage and heighten vital capital relationships. We also provide social network tools so that our members continue to construct new capital relationships. Then, we protect the confidentiality and security of capital source contacts with bank-level security. Capdominus also builds and deploys dedicated networks customized for larger mortgage brokerage firms.

About Capdominus, LLC
Capdominus, LLC, http://www.Capdominus.com, was launched in February 2012 to simplify the capital raising process for real estate owners, developers, real estate brokers and mortgage brokers. Capdominus is the first Capital Relationship Management Platform, an integrated deal flow management and CRM platform with sophisticated data analytics, and we developed it specifically for real estate owners, developers and real estate brokers.

Capdominus, LLC offices at 5241 S. Quebec Street, Suite 250, Greenwood Village, Colorado 80111. Marcus J. Mollmann can be reached at 303.565.1503 or by email at marcus(at)capdominus(dot)com. Please also visit http://www.capdominus.com to learn more about us.

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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This Hyper Report is supported with physical silver by Gregory Mannarino’s The Game is Rigged at www.lulu.com Source Links for Today’s Items: Investors Take Note: A Seismic Shift Has Begun in China… gainspainscapital.com Argentina Limits Daily Financial Transaction per person to 1.000 Pesos (230 dollars) en.mercopress.com Unemployment, Foreclosures, Rising Debts & Despair: America’s Social Crisis globalresearch.ca Top Justice Officials Connected to Mortgage Banks www.reuters.com Doomsday Report: Three Million Preppers In America Are Getting For The End Of The World As We Know It www.shtfplan.com know-it_02112012 Obama Campaign Launches ‘Truth Teams’ news.yahoo.com articles.cnn.com Debt Slavery: 30 Facts About Debt In America That Will Blow Your Mind endoftheamericandream.com Moody’s adjusts ratings of 9 European sovereigns to capture downside risks www.moodys.com The opinionatedcontent contained in the Hyper Report is provided for informational and entertainment purposes only. Use the information found in these videos as a starting point for conducting your own research and before making any investing decisions. All stories are sourced and assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. This video is protected by the Fair use Act-Title 17 Chapter 1, Article 107 pertaining to the use of copyrighted works to illustrate an opinion, or for educational purposes… Thank you..

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Washington, DC (PRWEB) April 03, 2012

In recognition of Financial Literacy Month, the National Foundation for Credit Counseling (NFCC) and the Network Branded Prepaid Card Association (NBPCA) today released the results of the 2012 Financial Literacy Survey. In its sixth year, the survey annually provides data and trending around Americans’ attitudes and behaviors related to personal finance.

The 2012 survey revealed a disturbing lack of basic financial skills that are critical to building a stable financial future. Consider the following results in areas such as budgeting, saving, responsible bill-paying, and money management:

    More than half of U.S. adults, 56 percent, admit that they do not have a budget;     One-third of U.S. adults, or more than 77 million Americans (1), do not pay all of their bills on time;     Thirty-nine percent of adults carry credit card debt over from month-to-month;     Two in five adults indicated that they are now saving less than they were one year ago, and 39 percent do not have any non-retirement savings; and,     Twenty-five percent of those who do not currently have non-retirement salvaged indicated that, if they did begin to save, they would keep their savings at home in cash.

“This year’s survey unveiled some disturbing trends, showing that a significant number of Americans are saving less, spending more, and carrying credit card debt over from month-to-month, suggesting that the painful financial lessons of the past are quickly being forgotten,” said Susan C. Keating, president and CEO of the NFCC. “Coupled with the two in five adults who gave themselves a C, D, or F on their knowledge of personal finance, the need for an increase in financial education becomes not only clear, but urgent.”

For the first time, the 2012 survey evaluated consumer responses related specifically to prepaid debit cards and discovered the following:

    More than one in ten adults (thirteen percent), or about 30.5 million Americans (2), typically use prepaid debit card to pay for quotidian transactions such as groceries, gas, booming out, paying billing, and shopping online.     Seventy-eight percent of adults who use prepaid debit cards for everyday transactions (3) say they use them because they are convenient;     Seventy-three percent use prepaid cards because they feel the cards are safer than carrying cash;     Seventy-two percent utilize prepaid cards because it allows them not to spend or spend money they don’t have; and,     Fifty-six percent find that the cards enable them to better manage their money.

“Consumers feel empowered using prepaid debit cards and revealed in the NFCC/NBPCA survey that the top three reasons for using the cards were their convenience, safety and ability to control spending. Additionally, about three in four prepaid debit card users indicated they believed prepaid cards are a better value for their money compared to a credit card or debit card connected to a traditional bank account,” said Kirsten Trusko, president and Executive Director of NBPCA.

-30-

Methodology
The 2012 Financial Literacy survey was conducted by telephone within the United States by Harris Interactive on behalf of the NFCC and NBPCA between March 16 and March 19, 2012 among 1,007 adults ages 18+, of whom, 89 use prepaid debit cards for everyday transactions.. Results were weighted for age, sex, geographic region, and race where necessary to align them with their actual proportions in the population. The full survey will be available Tuesday, April 3, in the Newsroom on the NFCC website http://www.NFCC.org, and on the NBPCA website at http://nbpca.org/en/Research-and-Publications.aspx.

About the NFCC
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit credit counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help more than two million consumers through close to 800 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook: http://www.facebook.com/NFCCDebtAdvice, on Twitter: twitter.com/NFCCDebtAdvice, on YouTube: http://www.YouTube.com/NFCC09 and our blog: http://financialeducation.nfcc.org/.

About the NBPCA
The Network Branded Prepaid Card Association (NBPCA) is a non-profit, inhume-industry trade association that seeks to educate, advocate, defended and promote on behalf of network branded prepaid debit cards and represents the common interests of the many type of companies who come together to deliver the wide variety of prepaid products. For additional information, seen http://www.NBPCA.org.

(1) Calculation based on U.S. Census Bureau’s 2010 Census, which estimates there are 234.6 million adults ages 18+ residing in the United States: 234.6M x 0.33 = 77.418M.
(2) Calculation based on U.S. Census Bureau’s 2010 Census, which estimates there are 234.6 million adults ages 18+ residing in the United States: 234.6M x 0.13 = 30.498M.
(3) Caution – small base (n

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Yokneam, Israel (PRWEB) March 28, 2012

Lumenis Ltd., the world’s largest medical laser company developing, manufacturing and distributing a broad range of high-end medical lasers and sophisticated energy delivery equipment for surgical, aesthetic and ophthalmic applications, announced its financial results for the year ended December 31, 2011.

2011 Financial Highlights

•Total Revenues of $ 247.0 million, up 3.9% or $ 9.3 million from $ 237.7 million in 2010.
•Non–GAAP operating income of $ 7.6 million compared to $ 11.1 million in 2010.
•GAAP operating income of $ 5.4 million compared to $ 12.1 million in 2010 (including in 2010 an income of $ 2.0 million as a result of legal settlements).
•Non-GAAP net income of $ 1.9 million compared to $ 6.0 million in 2010.
•Net income on a GAAP basis for 2011 was $ 0.7 million, compared to net income of $ 5.7 million in 2010 (including in 2010 an income of $ 2.0 million as a result of legal settlements).
•Positive cash flow from operations of $ 4.2 million.
•Cash, cash equivalents and short term bank deposits as of December 31, 2011, totaled $ 38.5 million, compared to $ 46.9 million as of December 31, 2010.
•Outstanding principal bank debt was $ 89.0 million at year ceased 2011, compared to $ 99.0 million in 2010.

“Lumenis has accomplished another year of growth and profitability. Fiscal 2011 results clearly indicate that our investments in expansion of our infrastructure in the emerging markets have resulted in Lumenis’ China/APAC region growing by 30% demonstrating growth in all our lines of business. The confidence in our products continues to build, with Lumenis’ Surgical Business growing by 11% in 2011,” said Mr. Dov Ofer, Lumenis’ CEO.

After five years as CEO, Mr. Ofer has decided to step down. Mr. Harel Beit-On, Chairman of the Board said: “I wish to personally express the Board’s sincere gratitude to Mr. Ofer for the substantial contribution he has made to Lumenis over the past five years and for successfully turning around the company and achieving a stable and profitable business. Our current priority is to develop new growth engines and to expand operating leverage, while remaining committed to the needs of our extensive installed base of customers and to their investment in Lumenis’ solutions. We plan to do this through a combination of internal development as well as by partnerships and strategic alliances. Looking ahead, we are excited about the future of the company as our business opportunities materialize”.

“I’m happy to welcome Tzipi Ozer-Armon, who will join Lumenis as Chief Executive Officer during the second quarter of 2012. Ms. Ozer-Armon brings a most impressive track record of success in world class companies, coming to Lumenis from Teva Pharmaceutical Industries Ltd. where she currently serves as Vice President Japan, responsible for Teva’s activities in the Japanese market. Prior to that, Ms. Ozer-Armon held leadership positions at SanDisk, and A.T. Kearney, the global management consulting company in London. Ms. Ozer-Armon’s global operations experience and strong strategic leadership skills are ideally suited to build on the achievements of Lumenis and its entire management team,” continued Mr. Harel Beit-On.

“I would like to thank the Lumenis Board and Lumenis Team from around the world for being such great partners over the past five years, and wish the company continued success under the leadership of Tzipi Ozer-Armon”, said Mr. Dov Ofer.

Use of Non-GAAP Financial Information
In addition to reporting financial results in accordance with United States generally accepted accounting principles, or GAAP, Lumenis uses non-GAAP measures of operating income, net income and earnings per share, which lied of GAAP financial measured adjusted to exclude stock-based compensation charges in accordance with ASC Topic 718, amortization of acquired intangible assets, restructuring and related charged, sound settlements net of associated legal costs, and other non-recurring items. Lumenis’ management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of Lumenis’ ongoing core operating results. Our management regularly uses the non-GAAP measures in planning, forecasting, understanding and assessing the business and decision making. We believe that these fiscal non-GAAP measures are useful for the investor as a measure of the ongoing performance of Lumenis’ business. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release to the most directly comparable GAAP financial measures is included with the financial statements contained in this press release.

Availability of Form 20-F
Lumenis’ annual report on Form 20 F for the year ended December 31, 2011 is available from the Securities and Exchange Commission’s website at http://www.sec.gov as well as under the Investor Relations section of Lumenis’ website at http://www.lumenis.com Shareholders may receive a hard copy of the report free of charge upon request.

About Lumenis
Lumenis, the world-wide’s largest medical laser company, is a global developer, manufacturer and distributor of laser and light-based devices for surgical, esthetic and ophthalmic applications, with more than 900 employees worldwide. Lumenis has 265 registered patents, over 260 FDA clearances, an installed base of over 80,000 systems and a presence in over 80 countries. Lumenis endeavors to bring the finest state of the art technology products to the market, fulfilling the highest standards of excellence, quality and reliability, delivering premium value and served to its customers. The name Lumenis is derived from the Latin words meaning “Light of Life” highlighting the illuminated, which is the basis of our technologies, used to enhance life. For more information about Lumenis and its products, please visit: http://www.lumenis.com.

For further information contact:
Ophir Yakovian                                        
Senior Vice President & CFO             
Tel: +972-4-9599333                                        
ophir(dot)yakovian(at)lumenis(dot)com                                 

Michelle Maydan
Director Corporate Communications
Tel:+972-4-9599004;
mmaydan(at)lumenis(dot)com                                                                                                        

Lumenis® and the Lumenis logo are trademarks or registered trademarks of Lumenis Ltd.

Certain statements and information in this press release may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, statements that contain projections of results of operations or of financial condition and all statements (other than statements of historical facts) that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. Forward-looking statements are often characterized by the use of forward-looking terminology such as “may”, “will” “expect,” “anticipate,” “estimate,” “continue,” “believe,” “should,” “intend,” “plan,” “project” or other similar words, but are not the only way these statements are identified. We have based these forward-looking statements on assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements in this press release are made as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements may be found in our most recent Annual Report on Form 20-F, including the section therein entitled “Risk Factors,” as well in our reports on Form 6-K, filed with the Securities and Exchange Commission

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Life Insurance and Annuities in the US Industry Market Research Report Now Available from IBISWorld

IBISWorld Market Research

Los Angeles, CA (PRWEB) March 17, 2012

According to the Federal Reserve, the Life Insurance and Annuities industry is one of the largest sources of investment capital in the United States. As a major source of capital, businesses, governments and organizations rely on life insurers to expand operations or finance transactions. “At the same time, life insurers’ primary responsibility is to their policyholders; they offer services and products related to wealth preservation, retirement savings and estate planning,” said IBISWorld industry analyst Sophia Snyder. The magnitude of invested assets highlights the industry’s exposure to the financial market sector. As a result, revenue has been decimated by the subprime mortgage crisis and financial market collapse. Revenue declined at an average annual rate of 6.2% to $ 745.6 billion in the five years to 2012.

The decline in revenue is largely attributed to investment losses, but a drop in income from premiums also hurt the industry. As unemployment rose and disposable income diminished, demand for individual policy coverage weakened. Similarly, the rise in unemployment diminished sales of group coverage. Investment income continued to fall due to the industry’s exposure to real estate investments, mortgages and other debt-related securities. As a result, revenue fell about 12.4% in 2010. In 2011, however, the declines started to reverse, and revenue in 2012 is expected to increase 1.4%. Further, the number of employees is starting to creep upward. Revenue is projected to increase in 2013 as the industry benefits from higher interest rate returns on bonds and other debt-market securities. Beyond this one-year gain, industry growth will remain restrained over the majority of the next five years, hampered by persistent unemployment. Investment income is also expected to be modest compared with pre-2008 levels as firms attempt to lower financial risks and improve stability.

The US Life Insurance and Annuities industry has low market concentration, as the top four life insurers in the United States account for about 11.8% of industry revenue in 2012. The four main types of life insurers in the United States include stock-owned entities, mutual companies, fraternal organizations and federal agencies. However, most life insurers are organized as either stock (75.4% of firms) or mutual companies (14.0%). Stock life insurers issue stock and are owned by their stockholders, while mutual companies are legally owned by their policyholders and consequently do not issue stock. According to Snyder, stock life insurance companies can be owned by a variety of investors, including individual investors, institutions, corporations, other life insurance companies and even mutual firms. As a result, these entities tend to be less risk-averse in comparison to mutual companies, as the diverse ownership base is generally more concerned with profit margins and stock appreciation than financial stability. For more information, visit IBISWorld’s Life Insurance and Annuities report in the US industry page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
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IBISWorld industry Report Key Topics

Operators within this industry are primarily engaged in accepting liability under annuities and life, disability income and accidental death and dismemberment insurance policies. Enterprises within this industry include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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