Legal & general
Companies should invest directly in long-term assets, says senior official
Instability of capital framework should be reflected in plans for soft-launch
The recent financial crises have changed the way insurers and asset managers view credit risk, revealing a fundamental misunderstanding of the risk in many companies’ portfolios. Risk managers have had...
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Legal & general articles
The move to discounting liabilities using swap rates under Solvency II will present challenges for UK with-profits funds that have been used to matching cashflows using gilts. Against the backdrop of a volatile swap spread, insurers will need to adapt...
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Legal & General has launched a digital structure with no commission aimed at fee-based advisers. Investors will receive annualised returns in excess of 9% if trigger conditions are met, but a 50% barrier means capital is potentially at risk
Insurers keen to invest in real economy, finds BaFin study, but regulatory uncertainty holding them back
Solvency II is expected to give rise to significant volatility in insurers’ capital own funds due to the regime’s market-consistent view of the economic balance sheet. Managing this volatility and ensuring that fluctuating capital levels remain above...
The withdrawal of banks from the longevity swaps market is presenting opportunities for insurers to muscle in. But while pension schemes may be keen to offload longevity risk to the insurance market, pricing and risk analysis of the deals can be difficult....
The liquidity swaps market in the UK has stalled since the FSA’s consultation on the governance of these transactions. But some see the recent handful of small deals as being a precursor to a surge in demand. Thomas Whittaker reports
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future