Morningstar DBRS explains that demographic developments are among the key structural trends affecting the life insurance market. According to Morningstar DBRS, these demographic developments create both opportunities and challenges for life insurers. Morningstar DBRS states that immigration can support the life insurance market by expanding the potential customer base. The report highlights several areas where demographic change could support growth across the life insurance sector. According to Morningstar DBRS, insurers have an opportunity to play a broader role in helping customers manage longevity risk and prepare for retirement.