Swiss Re calls for governments to issue longevity bonds

christianmumenthaler-swissre

Governments should look at the example of the inflation derivatives market and launch longevity bonds to establish a market price for the risk, according to Christian Mumenthaler, chief marketing officer at Swiss Re.

There is estimated to be about £1 trillion worth of longevity risk contained within UK defined benefit pension schemes alone, but with insurer and reinsurer capacity standing at £10 billion a year, there is a large difference between demand and supply for this derisking tool. One

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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