Life Risk News: Volume 1 Issue 8, December 2022
The U.K. Government recently published its response to its own Solvency II reform consultation, and the news is good for the country’s pension risk transfer market. Greg Winterton spoke to Chris Anderson, Head of BPA Consulting at EY, and Nicholas Bugler, Partner at Willkie, Farr & Gallagher, to learn about the implications of the reforms in Solvency II Reform Proposals Could Drive Increased Pension Risk Transfer Activity.
U.S. life insurance trade body the American Council of Life Insurers recently published the 2022 version of its annual Life Insurers Fact Book. This year’s edition shows lapse rates falling both in terms of the number of policies and face value, and Greg Winterton spoke to Christopher Conway, Chief Development Officer at ISC Services, Jon Mendelsohn, CEO at Ashar Group, Rob Haynie, Managing Director at Life Insurance Settlements, Inc. and John Welcom, CEO at Welcome Funds to get their views on the impact of lapse rates on the life settlement market in Encouragement for Life Settlement Industry as Life Insurance Policy Lapse Rate Falls Again.
The Cost of Insurance component of a life insurance policy in the United States is a perennial hot topic and Jeffrey Davis spoke to Khai LeQuang, Partner at Orrick, Herrington & Sutcliffe LLP and Steven Sklaver, Partner at Susman Godfrey LLP and Jule Rousseau, Partner at ArentFox Schiff LLP to find out the current CoI litigation landscape and its potential impact on the life settlement market in Life Settlement Market Awaits Cost of Insurance Litigation Decisions.
Our first commentary piece this month comes courtesy of Hymans Robertson quartet Ross Murray, Head of Longevity Consulting; Ben Johnson, Senior Consultant; Megan Hart, Senior Consultant; and Shahrukh Nawaz, Consultant, looking at what will drive future longevity trends in Longevity Over The Next Decade.
Our Poll this month asks, ‘Do You Think Institutional Investors Will Pull Back on Their Alternative Credit Allocations in the Next 12–24 Months?’ Life Risk News readers are pretty sure about this one.
Our second commentary piece this month comes courtesy of Beat Hess, Founding Partner, and Gabriel Maeder, Partner, at AA-Partners. The duo look at the nuances of a life settlement investment manager’s day job in Life Settlements Portfolio Construction – Art or Science?
Our Q&A this month is with Ashu Bhargava, Chief Origination Officer at U.K. pension consolidator, Clara Pensions. Clara recently celebrated its first anniversary of completing the assessment process for defined benefit consolidators in the U.K. and Greg Winterton spoke to Bhargava about the organisation’s first year since completing assessment, the outlook for 2023 and the broader pension risk transfer market.
Whilst the life settlement market is by far the largest secondary market for life insurance policies in the world, a similar market exists in Germany. Greg Winterton spoke to Christian Siedl, Executive Director at BVZL, to learn about the German model and recent macro events have impacted the industry in German Secondary Life Market Robust Amidst Cost-of-Living Challenges.
If you’re interested in getting in touch, whether that’s with an idea for a topic that you’d like to see covered, or just to offer some feedback, please drop the team a line at [email protected]. In the meantime, on behalf of ELSA, we hope you enjoy this new issue of Life Risk News.