A report from consulting firm Deloitte says the insurance industry appears to be primed for significant merger and acquisition activity in 2013 following a 20 percent year-over-year drop last year.

In its report, "Top 10 Issues for Insurance M&A in 2013; Time for mergers and acquisitions to take off?" Deloitte says deal-making activity will accelerate for several reasons:

• Insurer organic growth opportunities appear limited.

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