Description: This article discusses reserving issues for life insurance products with limited level premium guarantees or no-lapse guarantees, and capital markets solutions as an alternative to traditional reinsurance for relief from redundant reserve strain.

Description: Trends in mortality have a huge impact on the insurance industry and its products, risks and profitability. Worldwide, life expectancy has increased continuously over the past decades. However, this progress—even without considering the Covid-19 pandemic—has been subject to strong fluctuations. In recent years, an increase in volatility can be observed. Various aspects—medical science, environment, lifestyle—have influenced the trend in the past. How can the life and health industry move forward in these uncertain conditions? In this article, we examine what has gone before and what can be learned from a closer analysis. What are the main drivers of the historical increase in life expectancy? What characterizes the dynamics of the recent past? How can mortality be projected into the future? How good are our methods of prediction and what are the risks? What risk management options are available?

Description: This article summarizes insights from a 2021 survey of more than 40 life insurance companies with a focus on trends in reinsurand and in-force management. While reinsurance objectives and methods have remained steadfast in a sea of economic and regulatory impacts, life companies still are looking at different solutions to make improvements in profitability, stability, and scale.

Description: Discussion of the evolving role of reinsurance in driving business decisions for the direct side, with particular emphasis on underwriting and risk classification and the emphasis on automatic versus facultative business.

Description: An executive perspective on strategy and risk in reinsurance.

Description: Feature article discussing a survey about the extent to which the buyers of reinsurance are concerned about reinsurance capacity and the concentration of risk on their own books and on the books of reinsurers.

Description: This article discusses the impact of consolidation in the U.S. life reinsurance

Description: Highlights the key takeaways from the 2021 published SOA PLT study on lapse and mortality experience of US term plans in the post level term period. This article explains the new insights in the latest study including a comparison of PLT experience between Jump to ART and Graded structures. The important variables driving PLT experience and the relationship between lapse and mortality experience are also discussed.

Description: Insurers buy reinsurance for a variety of reasons, but an insurer’s accounting rules and solvency regulations are inevitably at the heart of the decision. Whether they are primary drivers or simply help insurers judge acceptable pricing for a risk- or service-motivated transaction, these rules and regulations are a key part of the equation.

Description: In today’s competitive environment, there is an increasing focus on the process of selecting life reinsurers, largely as a result of two industry trends, namely consolidation and the amount of reinsurance ceded.