As Bermuda's life reinsurance sector continues to grow, players in this sector should look forward to dealing with clients enjoying stable conditions, according to Moody's. The rating agency said the outlook for the global life insurance sector is stable, reflecting a favorable economic cycle and strong capital levels, Moody's Investors Service said in a report published on December 5. The report, called "Life Insurance -- Global 2019 Outlook: Stable - reflecting favorable economic cycle and strong capital" suggested that global life insurers have adapted to persistent low interest rates better than expected by exchanging sales of interest-sensitive products for fee-based retirement, savings and health products. "Rising interest rates in some regions, such as the US and Canada, have been positive credit drivers," said Manoj Jethani, a Moody's vice president.