Given the importance of systemic risks such as climate change in determining the long-term stability of the insurance regime, insurers’ climate change approach should be considered as part of the scheme trustee’s selection process in the bulk purchase annuity market.

The International Capital Standard (ICS) introduces a new approach to discounting illiquid liabilities — one that includes an explicit credit risk premium. But how does it compare to Solvency II’s Fundamental Spread? And what might it mean for UK insurers already familiar with the Matching Adjustment?

Martin Kramer, Managing Partner at Ceptar Consulting, shares what’s been happening in the tertiary part of the life settlement world for this month’s Q&A.

Potential new entrants seeking to get a piece of the life insurance-based permanent capital action have a few options.