The European Life Settlement Association (ELSA), the European industry group promoting and supporting the life settlement industry, has today published its latest Fact Sheet, The Life Settlement Licence Matrix.
The Life Settlement Licence Matrix is designed to provide institutional, end investors with an overview of the current landscape of licensed life settlement providers; the number of them, where they are licensed to operate, and notable changes in the data from the previous year.
The Fact Sheet features an updated edition of the Licensed Provider Matrix (LPM), ELSA’s proprietary tool that provides a snapshot of which providers are licensed to operate in which states.
“The size of the licensed provider market in the life settlement industry was very similar this year to last year, with few comings and goings,” said Chris Wells, Executive Director at ELSA.
“That consistency is a benefit to our industry, and for investors, the takeaway should be that the asset managers they entrust their capital with are investing in a market where there are plenty of providers to work with. This can lead to more competitive pricing and a wider supply of policies,” he added.
ELSA sources data for the LPM directly from state insurance department websites or their preferred reporting platform, and cross references that data with individual life settlement providers themselves.
This year, ELSA identified 38 providers that were licensed in at least one state, the same net number as in 2023; one firm exited the market, and one new provider was identified.
26 of the providers identified this year were licensed in more than one state, and 22 were licensed in ten or more states. The aggregate number of licenses held fell by seven, from 707 in 2023 to 700 this year.
