NU Online News Service, March 3, 1:44 p.m. EST
Zurich Financial Services Group said the insurance industry is undergoing changes at a pace rarely seen as a combination of factors are no longer producing the benefits the industry has enjoyed in the past.
In its 2010 Annual Review, the Zurich, Switzerland-based insurer said the combination of "low investment yields, increased competitive pressure, low economic growth and regulatory uncertainty" has had a profound effect on the industry.
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