Longevity/mortality Buy-Ins, Buy-Outs, Longevity Bonds, Pandemics

News

Climate change can't be captured in Solvency II capital, says Eiopa

EU authority publishes draft opinion on integrating sustainability into Solvency II

M&S offloads pension liabilities in another multi-insurer deal

Pension Insurance Corporation and Phoenix Life take on £1.4bn of liabilities

Andrew Smith questions longevity hedge in equity-release mortgages

Paper on ERMs to be presented to Society of Actuaries in Ireland today

LCP predicts "new phase" for pension risk transfer market

Value of market in 2019 could reach £30bn

NAIC set to introduce longevity charge in 2020

American Academy of Actuaries study recommends longevity risk included in RBC calculation

L&G seals £230m pension risk transfer with Howden Group

The insurer had approximately 30% of the UK PRT market in 2018 and hopes to maintain that

Vivat's longevity transfer deal boosts Solvency II ratio

Canada Life Re reinsures €5.5bn of Dutch insurer's longevity risk

Morbidity risk products needed in emerging Asia

Pollution, lifestyle and an aging population create biggest protection gap, according to Peak Re report

InsuranceERM award winners celebrate in style

Photos and list of winners from the prestigious InsuranceERM UK & Europe 2018-2019 awards

PIC gains more than £400m after assumption and methodology changes

UK bulk annuity provider doubles new business premiums in 2018 with 30 transactions

Analysis

Capital models: run, review, repeat

Recent surveys by consultancies Willis Towers Watson and PwC have revealed how UK life insurers have revised their approach to capital modelling. Christopher Cundy reports on some of the highlights

Candace Woods: engineering financial wellness

Prudential Financial's chief actuary talks to Christopher Cundy about her role in improving diversity, reforming its actuarial team and the regulatory challenges facing the insurer.

German life book consolidation: cultural shift needed

Following the sale of Generali Leben to Viridium, the largest-ever transfer of a German life book, participants are hopeful it will convince doubtful minds and open the door to more deals. Christopher Cundy reports

Equity release mortgages: stopping the roof falling in

The Prudential Regulation Authority has shaken up life insurers by proposing new assumptions around the valuation of ERMs. The more prudent approach seeks to avoid a potential disaster if house prices stagnate or crash, but the impact on insurers could be serious. Christopher Cundy reports

The PRA's David Rule on Brexit, the risk margin and the regulator's hotspots for supervision in 2018

The UK's executive director for insurance supervision talks to Christopher Cundy about how the Prudential Regulation Authority is approaching Brexit and reveals the latest views on reforming the risk margin

Lapse risk takes centre stage in capital management strategies

Since the introduction of Solvency II, EU life insurers have had to hold much more capital against the risk of customers lapsing their policies. Luca Tres explains how innovative hedging structures can help firms maximise their capital efficiency