The CMI, a branch of the Institute and Faculty of Actuaries, released its latest projections using data from 2022, incorporating 25% weighting from that year due to continued excess mortality rates. Aaron Woolner of Life Risk News interviewed Corbus Daneel, chair of the CMI’s Mortality Projections Committee, regarding the UK’s Continuous Mortality Investigation (CMI) in UK’s CMI Reduces Life Expectancy Projections on Covid-19 Data.
The Arizona Supreme Court recently ruled against Columbus Life Insurance Company’s claim that a life insurance policy lacked insurable interest, thus voiding the policy after the contestability period, marking an important victory for the life settlement industry. Greg Winterton of Life Risk News interviewed Jule Rousseau Partner at ArentFox Schiff, offered his thoughts in Arizona Supreme Court Decision a Win for Life Settlement Industry.
This month’s Roundtable delved into secondary market activity in the life settlement industry. Greg Winterton was joined by life settlement providers Simon Erritt of Coventry Capital, Aaron Giroux of LifeRoc Capital, Michael Freedman of Lighthouse Life Solutions, and Perry Koons of Maple Financial to discuss trends and observations highlighted by recent industry reports and the potential for future growth.
Insurance regulator the Prudential Regulatory Authority wrote to bulk annuity insurers about their use of funded reinsurance. Michael Abramson, a Partner and Risk Transfer Specialist and Lara Desay, a Partner and Risk Transfer Specialist at Hymans Robertson discuss the pros and cons of the funded reinsurance market in The Insurance Regulator Takes a Look at Funded Reinsurance.
In this month’s poll readers were asked Will the Internet Grow in Importance for Provider Success in the Secondary Life Settlement Direct-to-Consumer Market? Almost half of the respondents agreed that this trend will continue to grow, while just over a quarter disagreed, and 30% were unsure about the future role of internet advertising in driving inbound enquiries for life settlement providers.
Determining an insured’s Life Expectancy is one of the most important variables in a life settlement transaction. In our second commentary piece Vince Granieri, CEO of Predictive Resources, gives us his view on today’s practices in Life Settlement Apocrypha.
In this month’s Q&A Greg Winterton of Life Risk News interviewed William Corry, Founder and Managing Director of Corry Capital Advisors, and discussed the challenges facing the life settlement market today. Corry highlighted the value of consistency and diversification, along with the importance of assessing transparency, track record, and performance evaluation methods when choosing a fund manager.
FINRA (Financial Industry Regulatory Authority) recently released a consumer advisory notice on the Life Settlement industry, the first since 2009. Greg Winterton of Life Risk News spoke with Chris Conway, Chief Development Officer of ISC Services, and Bryan Nicholson, Executive Director of the Life Insurance Settlement Association, to get their views in New FINRA Life Settlements Advisory Welcomed by Industry.
I hope you enjoy the latest issue of Life Risk News.
Life Risk News