longevity securitization


Kortis bond laid foundation for longevity risk ILS market

The pioneering structure and model of Swiss Re’s 2010 Kortis Capital Ltd. longevity-linked insurance-linked securities (ILS) lays the foundation for successfully transferring longevity risks to the capital markets, according to research by the Pensions Institute at Cass Business School. In a recent study, ‘Modelling longevity bonds: Analysing the Swiss Re Kortis read the full article →

Joint Forum publishes recommendations on longevity risk transfer

The Joint Forum, a forum established to deal with issues common to the banking, securities and insurance sectors, has published its final report and recommendations to policymakers and supervisors on longevity risk transfer markets. The Joint Forum, established by the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities read the full article →

Enhanced supervision proposed for longevity risk transfers

A consultation document on longevity risk transfers has been published by the Joint Forum, a forum established by the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS) to deal with issues common to the banking, securities and read the full article →

Longevity hedging market could hit capacity crunch: PwC

Analysis from PwC questions the ability and capacity of traditional reinsurers to support the potential growth of the longevity hedging market over the next few years. PwC predicts the market for risk transfer in the form of longevity swaps and hedging in the UK could triple over the next three read the full article →

Société Générale hopes to kick-start longevity ILS market

According to a report published by Asian Investor, investment bank Société Générale is planning to launch a new capital markets focused longevity risk transfer product similar to an insurance-linked security or catastrophe bond structure. Société Générale is said to be ready to launch the first deal in July and is read the full article →

Longevity hedging set to increase in 2013, says report

The market for longevity hedging, or the offloading of longevity risks via insurance, reinsurance and instruments such as longevity swaps, is set to grow again in 2013 according to the latest report from research firm Clear Path Analysis. The report suggests that 2013 could see record levels of longevity risk read the full article →

Is the longevity risk securitization market about to take off?

According to an article published on Dow Jones, and available here via the Wall Street Journal, the market for longevity risk transfer through the issuance of bonds or securitization may be about to come out of hibernation. The article says that two longevity bonds are currently being marketed to investors read the full article →

UK pension funds see longevity risk as biggest threat to funding levels

The results of a poll conducted in July 2012 amongst trustees, finance directors, and other pension fund executives from 51 different UK pension funds, show that the pension funds consider longevity risk as the biggest single threat to their funding levels. Respondents were asked to rank a series of risks read the full article →

A capital market for longevity risk transfer is not far away

Artemis attended the 6th Annual European Insurance-Linked Securities Conference, held by rating agency Standard & Poor's in London, earlier today to hear what the speakers had to say about the market. One of the panels was particularly timely as it discussed the potential for further development of the longevity risk read the full article →

Just 22% of surveyed pension plans considered hedging longevity risk: PwC

This telling statistic comes from some research undertaken by PwC which looked at defined benefit pension plan valuations in the UK and what they were doing, or planning to do, to overcome rising deficits. PwC surveyed 98 UK defined benefit pension schemes and found that on average they will likely read the full article →