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Article
Considerations for new entrants to the pension risk transfer market
06 December 2024 - by Jessica Crowson, Vincent Embser, Arthur Hordijk, Christiaan Mulder, Jake Pringle, Stuart Silverman, Cornelis Slagmolen, Lin Sun
Opportunity in a growing market for pension risk transfers: We review some considerations for new entrants in the UK, US and the Netherlands.
Article
Managing residual risks within partially annuitised decumulation strategies
12 August 2024 - by Neil Dissanayake, Jessica Crowson, Russell Ward
We offer a thematic review of retirement income advice from the UK’s FCA and examine how to manage residual risks with partially annuitised decumulation strategies.
Article
Complex bulk purchase annuity deal features
25 June 2024 - by Florin Ginghina, Matthew Ford, Jessica Crowson
With bulk purchase annuity transactions, insurers must carry out thorough due diligence and determine their risk appetite for deals with unusual features.
Article
UK bulk annuity insurers’ 2023 results: Key themes arising
23 April 2024 - by Jessica Crowson, Florin Ginghina, Matthew Ford
We offer some themes and insights from SFCR filings by UK bulk annuity insurers for year-end 2023, such as record premium volumes and careful capital deployment.
Article
Global pension risk transfer market outlook
07 November 2023 - by Jessica Crowson, Lotte van Delft, Kevin Manning, Christiaan Mulder, Fiona Ng, Dilesh Patel, Jake Pringle, Stuart Silverman, Lin Sun
In a bustling pension risk transfer market worldwide, all stakeholders should be aware of the current environment for insurers.
Article
CP19/23 – Review of Solvency II: Reform of the Matching Adjustment
16 October 2023 - by Claire Booth, Robert Bugg, Neil Christy, Jessica Crowson, Florin Ginghina, Dilesh Patel, Lyndsay Wrobel
Prudential Regulation Authority's CP19/23 proposes a substantial package of reforms to the matching adjustment, changes whose aggregate impact will take time to become clear.
Article
Roundtable: Life insurer investment – looking ahead from winter 2022
02 December 2022 - by Matthew Ford, Russell Ward, Jessica Crowson, Kelly Yang
Experts from a range of UK life firms joined Milliman in early November to exchange views on various themes in investments and asset management, against a challenging economic backdrop.
Article
Roundtable: Life insurer ALM – Looking ahead from Autumn 2022
09 November 2022 - by Matthew Ford, Russell Ward, Lewis Duffy, Jessica Crowson
We are experiencing a regime change in relation to the behaviour of economic variables such as interest rates and inflation.
Article
History repeating itself? The return of high inflation and its implications (including modelling) for life insurers
15 August 2022 - by Thomas Bevelsborg, Jessica Crowson, Josh Dobiac, John Jenkins, Russell Ward, Freek Zandbergen, Sihong Zhu
Current inflation rates are likely to be the highest seen for a generation, and the ensuing effects could have a profound impact on life insurers.
Article
ESG Investments - regulatory requirements and investment strategies in Europe and the United States
03 May 2022 - by Marcus Scheffer, Lennart Albertsen, Peter H. Sun, Neil Dissanayake, Chunpu Song, Sihong Zhu, Jessica Crowson, Kelly Yang
ESG investing returns have been comparable to the general market, showing how investing in the space is an opportunity, not a constraint