Although the rate of insurance deals has slowed, lower business valuations due to higher interest rates could result in renewed buyer interest, PwC reports. (gopixa/Shutterstock)
Inflation and rising interest rates slowed the buying and selling of insurance businesses during the second half of 2022, according to PwC's newly released Insurance: U.S. Deals 2023 Outlook, but the news isn't all bad, analysts added.
"While insurance deals have declined from the record levels of 2021," Mark Friedman, PwC's Insurance deals practice in the U.S. said in a prepared statement, "we continue to see healthy demand from private equity for high-quality insurance brokerage and life and annuity blocks."
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