The issue of global longevity is significant and continues to grow due to ageing populations and higher risk awareness. Global longevity liabilities have been estimated at more than $20 trillion (£12.7 trillion).
The problem has been that reinsurers have found limited appetite from the capital markets to acquire this risk.
Kerry McMullan, London-based director at Swiss Re, says: “Reinsurers are a natural home for longevity risk as we can hedge the risk. But we can see a time where reinsurers
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