Christian Mumenthaler, CEO of Swiss Re, discusses the impact technology may have on longevity risk, and on the life re/insurance industry. Recorded at the 14th Global Ageing Conference in Zurich.
Watch all video interviews recorded at the 14th Global Ageing Conference on our YouTube channel.
Marc Archambault, CEO Life and Health at PartnerRe, discusses how the life insurance industry is responding to growing longevity risk. Recorded at the 14th Global Ageing Conference in Zurich.
Watch all video interviews recorded at the 14th Global Ageing Conference on our YouTube channel.
Irene Merk, Head of Emerging Risk at SCOR Global Life, discusses pandemics and Antimicrobial Resistance (AMR), and what the insurance industry should consider to be prepared. Recorded at the 14th Global Ageing Conference in Zurich.
Watch all video interviews recorded at the 14th Global Ageing Conference on our YouTube channel.
Greig Woodring, retired CEO and President of RGA, discusses what has worked well, and what hasn't, for life insurers as they deal with increased longevity risk. Recorded at the 14th Global Ageing Conference in Zurich.
Watch all video interviews recorded at the 14th Global Ageing Conference on our YouTube channel.
The effects of prolonged low interest rates on life insurers represent a complex but manageable headwind for the industry as it continues to adapt its business model in response, according to a new research report published today by The Geneva Association, the leading international think tank of the insurance industry.
Life insurers assume risks that are more effectively borne by institutions than by individuals. Longevity and mortality risks provide diversification benefits when grouped together and they are much more predictable when pooled by insurers across large numbers. As institutional investors, life insurers play a key role in funding the real economy and the public sector. And like any other business, life insurance provides jobs for employees.
The role of life insurance in helping individuals achieve peace of mind and financial security is significant. In a low interest rate environment, insurers have an even bigger role to play as individuals may struggle to find investments with appropriate returns. Life insurance can provide investment performance in combination with a secure insurance guarantee and a death benefit for beneficiaries. However, the industry is not immune to low interest rates.
The new report from The Geneva Association analyses the impact that low interest rates have on life insurers and their customers, and how the life insurance industry is adapting to this challenging macro-financial environment.
Read the full report: The 'Low for Long' Challenge: Socio-economic implications and the life insurance industry's response
Daniel Hofmann, Senior Advisor on Insurance Economics at The Geneva Association and principal author of the paper, "The 'Low for Long" Challenge,” discusses the societal impact of low interest rates, and the obstacles this raises for the life insurance industry.
Read the full report: The 'Low for Long' Challenge: Socio-economic implications and the life insurance industry's response
