Security for life

US life insurers have traditionally relied on reinsurance companies for risk transfer, but the situation is untenable. A combination of onerous regulations, duration mismatch and shrinking appetite for credit risk spells trouble. Is securitisation the answer?


Asset and liability management has always been a particularly thorny problem for life insurers. Risk modelling is full of nuances, such as the calculation of mortality rates (see box). Now, companies in the US are in the midst of a fundamental rethink about the way they manage their liquidity.

Life insurers are set to tap the securitisation market in a big way. According to securitisation specialists Risk spoke to, several insurers are beginning to plan and structure deals. Jack Gibson, life

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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