Download Life Risk News Volume 2, Issue 6, June 2023
The first secondary consumer life market came courtesy of the United Kingdom, when auctioneers H E Foster & Cranfield started auctioning pure life risk policies in 1843. Due to tax changes, however, that market is now essentially defunct. Greg Winterton spoke to Roger Lawrence, Managing Director at WL Consulting, and Alec Taylor, Marketing and Relationship Director at SL Investment Management, to get their thoughts on the market generally in Alas, Poor Traded Endowment Policy Market. We Knew You.
As artificial intelligence (AI) becomes more high profile, insurance practitioners are taking note of not only the potential for the technology, but also the potential for AI bias. Aaron Woolner spoke to Karl Ricanek, CEO at Lapetus Solutions, and Keith Raymond, Principal North America Analyst at Celent, to get their views on the bias issue in US Life Insurers Look for Solutions to AI Bias Issue.
The Office of the Montana State Auditor recently issued an advisory regarding the practice of inducing termination of death benefits through time-limited enhanced cash surrender value offers. Jeffrey Davis spoke to Nat Shapo, Partner at Katten Muchin Rosenman, to get his thoughts on this development in Montana Latest State to Warn Life Insurers About Enhanced Cash Surrender Value Offers.
The rising interest rate environment is impacting certain transactions in the life ILS market but some of the nuances in the space means that a temporary pullback shouldn’t be too severe. Greg Winterton spoke to Adam Robinson, Head of Life and Chief Underwriting Officer at Securis Investments, to get his thoughts on what’s going on here in Deal Flow Down in Life ILS But Moats Remain.
Much of the deal activity in the life settlement industry’s secondary market revolves around higher face value policies, but increasingly, smaller face value policies are becoming of interest to investors in the space. Anna Bailey, Managing Partner at Chestnut Capital Management, explains some of the benefits that smaller face value policies can bring to a portfolio in Increased Activity In Smaller Face Value Life Settlements A Welcome Development, our first commentary article this month.
It’s incredibly difficult to measure the size of the life ILS market in terms of assets under management held by investment funds. There’s little publicly available data, and naturally, many asset managers won’t provide information unless they’re required to. So, for this month’s poll, we wanted to see what our readers thought in What Is Your Best Estimate of the Size of the Life ILS Market in Assets Under Management?
Mortality trends impact all silos of the life risk industry, and Mike Fasano, Senior Underwriting Consultant at Fasano Associates, offers his analysis in Mortality & Life Expectancy Trends, our second commentary piece for June.
Technology advances are driving improved processes in all industries and markets, and the longevity markets are no different. Greg Winterton spoke to Mark Venn, Director at ClearLife, to learn more about his firm and how technology is impacting longevity investors in this month’s Q&A.
Reasons abound why seniors in the United States might seek to sell their whole life insurance policy, but interesting new trends are driving supply. Greg Winterton spoke to Aaron Giroux, CEO at LifeRoc Capital, to find out what they are in New Drivers of Life Settlement Transactions Emerge to Provide Industry With Added Fuel for Growth.
I hope you enjoy the latest issue of Life Risk News!
Chris Wells
Managing Editor
Life Risk News
