Session 120: Emerging Differentiators in the Life and Annuity Reinsurance Spaceshareholders 63% share of premium Source: SUSEP Direct Premium - Only risk products – excluding VGBL ... Market in 2017 Ranking Company Name Direct Premium (in BRL'000) Direct Premium( in USD'000) Market Share ...
Description: When annuity products became prevalent in the U.S., they all looked more or less the same. It was where folks put their safe retirement money, yielding modest guaranteed returns with a menu of payout options to help secure their retirement. Over time, this commoditization lead to a pricing squeeze and an exhaustive set of product options and features, exposing carriers to market and policyholder behavior risk over the past decade or so.Hide
- Authors: Prannoy Chaudhury, Brian O'Neill, Ronald Poon-Affat, Carrie Freeburg
- Date: Feb 2020
- Competency: External Forces & Industry Knowledge
- Topics: Annuities>Capital - Annuities; Reinsurance; Reinsurance>Pricing - Reinsurance
The Intersection of Insurance & Behavioral FinanceThe Intersection of Insurance & Behavioral Finance "So what is the problem?… ... follow federal law. The Sherman Act, is the primary U.S. antitrust law pertaining to association activities ...
Description: "So what is the problem?… It’s really difficult to sell Life Insurance, So what is the solution? Dare I suggest that we try to understand the customer? People do not make logical, rational, objective, dare I say “actuarial” decisions What is behavioral economics? This is the study of how people will actually behave, under a given set of circumstances. This is not what they did in the past or what they say they will do in the future. It is understanding how they will behave. This is the study of the rational and irrational parts of the brain, including the unconscious. What can we do?Hide
- Authors: Joey Chi, Matt Battersby, Ronald Poon-Affat
- Date: Apr 2018
- Competency: Strategic Insight and Integration
- Topics: Social Insurance>Government-funded healthcare