Longevity - Axa calls for development of longevity market


Multinational insurer Axa has used the platform of a conference it hosted in Paris to push for faster transfer of longevity risk to the capital markets. According to Jean-Christophe Menioux, the firm's group treasurer and chief risk officer (CRO) designate, longevity risk is growing on Axa's balance sheet, "Due to increased sales of variable annuities globally." Although he played down any immediate impact, saying that, "Currently these risks are sustainable," Menioux made no attempt to hide Axa

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