The game of life

UK life insurers have faced a new regulatory regime in the aftermath of the guaranteed annuity options disaster, which has led them to rethink their use of derivatives. Nicholas Dunbar talks to four leading life companies

The UK life insurance industry is at a crossroads. With its roots in the Victorian culture of middle-class thrift, the sector dominates long-term saving in the UK. However, a combination of risk management blunders, mis-selling scandals and market events has put the sector on the back foot.

The UK government has been forced to introduce stringent risk-based regulatory capital rules. Meanwhile, the business environment has worsened, with customers increasingly sceptical about long-term savings

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here