Browsing: Life Insurance
Longevity and Mortality Investor’s coverage of annuity and life insurance issuance and topics and trends relating to life insurance balance sheet and risk management.
Universal life insurance applications declined -18.5% versus February last year.
Strong US annuity sales has led to increased formations of sidecars by life insurance companies to manage the growth and maintain risk-based capitalisation levels.
The third of our reviews of the Life Insurers Fact Book 2024 focusses on how factors that could impact the life settlement market are developing. Key amongst these are the surrender volumes, which help indicate the volumes of policies that could be available to trade, and the rate of new life insurance business which will provide the fuel for the market in future
As was the case last year, the overall message here is one of consistency. As counterparties for longevity and mortality risk investors, US life insurers remain strong.
US life insurance application activity finished 2024 essentially flat at -0.1% year-to-date compared with 2023.
Arguably, the US life insurance industry had a strong 2023 from a balance sheet perspective. Asset growth outpaced liability growth, and policy reserves grew as well and the legacy of the Covid-19 pandemic would appear to be diminishing.
he last month in which universal life insurance delivered a year-on-year improvement was November last year, so there has now been a full 12-month cycle of declines.
Applications for universal life insurance, the main type of insurance seen in the life settlement market, continued their recent decline in October.
Private equity-backed reinsurers’ appetite for Asian life insurance assets is unlikely to be sated any time soon, as there is $2 trillion of assets/liabilities under management that are currently providing sub-par capital returns
Universal Life insurance applications in the US were down -27.1% year on year in September, according to the latest update from the MIB Life Index.