You could be forgiven for being confused about the prospects of the bulk annuities market in the UK. Optimism and pessimism are being dished out in near-equal measure. Where some insurers only see increased capacity, thanks to the collapse of the individual annuities market and deep demand from corporate pension schemes wanting to de-risk, others look at the cost of holding longevity risk under Solvency II – or the cost of reinsuring it – and decide this market is no longer for them.
Among the b
The week on Risk.net, July 14–20, 2017Receive this by email