Life Risk News, Volume 2, Issue 1, January 2023
Happy New Year!
The cost-of-living challenges currently being experienced in many countries in the west represents a challenge for the life insurance industry in terms of increasing lapse rate risk. Greg Winterton spoke to Adam Robinson, Head of Life and CUO at London-based Securis Investment Partners, to learn more about the nuances of this risk and how to mitigate it for our cover story this month, Prudent Portfolio Construction Methods Insulates Life ILS Sector from Lapse Rate Risk.
The global insurtech market has been hot for years, with increasing amounts of deals and money going into the space. But 2022 provided challenges for venture capital investors as private market valuations became harder to accurately model. Greg Winterton spoke to Michael Konialian, CEO and Co-Founder at venture capital-backed insurtech Modern Life, to learn more about the outlook for life insurance-based insurtech in Life Insurance-Based Insurtech Set for Challenging 2023 but Fundamentals Remain Strong.
The life settlement market is no stranger to litigation and the past few years have seen some interesting cases come before the courts which have an impact on the space. Jeffrey Davis hosted a roundtable with Laura Metzger, Partner at Orrick, Jim Maxson, Partner at EM3 Law, Brian Casey, Partner at Locke Lorde, and Jule Rousseau, Partner at ArentFox Schiff, to learn more about the legal and regulatory outlook for the space in 2023.
Our first commentary piece this month stays on the life settlement theme, but addresses the market more broadly. Cory Zass, Founder of Actuarial Risk Management, offers his views in What’s In Store for Life Settlement Funds in 2023?
The U.K. Pension Risk Transfer market received a boost at the end of 2022 when the U.K. Government announced reforms to the Solvency II regulation, with plenty of potential for fuelling growth. We asked Life Risk News readers, Will Solvency II Reform Drive Increased Pension Risk Transfer Activity in the U.K. In 2023? Unsurprisingly for a regulatory themed question, LRN readers are unsure about whether we’ll see increased activity as early as this year.
Finance types love an acronym or buzzword, and insurtech is certainly one of those. But Rob Norris, Principal Analyst at Celent, dislikes the term. He explains why in our second commentary article this month, The Engine of Insurtech: The Cloud.
Our first Q&A of 2023 features Scott Willkomm, CEO of life settlement provider Life Equity and Chair of ELSA. Greg Winterton spoke to Willkomm to get this thoughts on both the life settlement market in general and ELSA’s activities in 2022 and looking ahead to 2023.
Life Risk News’ welcomes you back to the Life ILS Conference on Tuesday, May 23rd in London, U.K. Life ILS Conference 2023 will bring together investors, asset managers, policy makers and service providers to discuss the opportunities and challenges in the life ILS market; Greg Winterton spoke to yours truly to learn more about what we have in store for the event in Life ILS Market Opportunities and Challenges To Be Addressed at Life ILS Conference 2023.
