Download Life Risk News Volume 2, Issue 3, March 2023
March 2021 saw the European Securities and Markets Authority (ESMA) announce its Sustainable Finance Disclosure Regulation (SFDR), the bloc’s first attempt of a process to standardise the ESG investment space. Greg Winterton spoke to Rainer Gruenig, CEO at Plenum Investments, to ask whether Article 9 compliance would be a tailwind for the life settlement market in Would SFDR Article 9 Compliance Deliver an Asset Flows Boon for EU Life Settlement Funds?
The traditional life insurance underwriting approach is a manual one, which can take between four to six weeks, sometimes more. The insurtech sector is driving significant change in this approach and Aaron Woolner spoke to Alby van Wyk, Chief Commercial Officer at Munich Re Automation Solutions and Aaron Shapiro, CEO of Dayforward, to get their thoughts on the effect that the insurtech market is having on this approach in AI and Algorithms Driving Change in Life Insurance Underwriting.
In the carrier rescission case of Columbus Life Insurance Company versus Wilmington Trust, N.A., filed in 2021, the Arizona Supreme Court is being asked if a life insurance company can contest the validity of a policy based on a lack of insurable interest after the two-year contestability period expires, as required by Arizona law. Jeffrey Davis spoke to Jule Rousseau, Partner at ArentFox Schiff, about the implications of this one for A Question for the Arizona Supreme Court: Is the Two-Year Contestability Period Sacrosanct?
This month’s Roundtable sees life expectancy underwriters take center stage. Greg Winterton spoke to Chris Conway, Chief Development Officer, ISC Services; Vince Granieri, CEO, Predictive Resources; Phil Hall, Manager of Product and Business Development, Longevity Holdings; Sean Malone, President and CEO, Longevity Services; and S. Jay Olshansky, Chief Scientist and Co-Founder, Lapetus Solutions, to get their thoughts on the current state of and outlook for their space going forward.
Our first commentary piece this month covers climate change and longevity risk. Nicola Oliver, Director of Life and Health at Medical Intelligence, explains all in The Impacts of Climate Change on Mortality.
Our poll for February 2023 asked, What is holding back more investment firms from actively participating in the life ILS market? Life Risk News readers have a range of views on this one.
Our second commentary piece this month covers unlicensed participants in the life settlement market. Chris Conway, Chief Development Officer, ISC Services, explains what institutional, end investors need to be aware of when conducting due diligence on the space in Prudent Due Diligence Key to Mitigating Life Settlement Unlicensed Operator Risk.
This month’s Q&A takes a look at ELSA’s Master Agreement for Tertiary Transactions (MATT). Greg Winterton spoke to Philip Siller, Executive Chair and Co-CEO at BroadRiver Asset Management, one of the firms involved in creating the MATT in 2019, discusses the origins of the document and its most salient points.
In Canada, the topic of ‘life settlements’ comes up every so often. Most recently, in 2021, lawmakers in Ontario tried to get Bill 219 through, which would have provided a regulated secondary life insurance market in Canada’s most populous province, but it failed to get through. Greg Winterton spoke to Daniel Kahan, CEO at Viaticus Canada, to get his views on what needs to happen for Canadian seniors to get a country-wide secondary market for life insurance in Will Canada Ever Get a Secondary Market for Life Insurance Policies Available to All?
I hope you enjoy the latest issue of Life Risk News! Click the image below to download this month’s PDF.
Chris Wells
Managing Editor
Life Risk News
