Longevity and Pension Risk Transfer Solutions

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Reduce your exposure to longevity risk associated with life annuities and pension obligations.



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Assessing future life expectancy and predicting long-term asset returns can be challenging.

 Rising life expectancy is a risk, which may:

  • Be more difficult to diversify than asset performance.
  • Slowly and irreversibly erode future earnings.
  • Transform the balance sheet amid medical advances and lifestyle changes.
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The evaluation and management of longevity risk requires in-depth expertise. 

Ë¿¹ÏÊÓƵAPP is equipped with both the technical expertise and financial security to manage pension risks for as long as policyholders survive.

Longevity risk transfer has become widely used by both pension plans and insurance companies in various markets. In addition to institutional Pension Risk Transfer (PRT), longevity risk is a key component of any product offering that guarantees some form of lifetime income to an individual.


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How Is Changing Life Expectancy Affecting Projected Lifetime Annuity Cash Flows?

Longevity Solutions
Future developments such as medical advances, lifestyle changes, and improved healthcare access have a significant impact on life expectancy, and therefore the economic value of current pension obligations.
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How Can Longevity Risk Transfer Help My Organization?


New Business Support

Ë¿¹ÏÊÓƵAPP supports insurance carriers’ new business ambitions by enhancing their capacity to pursue more and/or bigger projects and diversify risk exposures. Ë¿¹ÏÊÓƵAPP, as a partner, offers pricing technology and risk management expertise. The solutions developed meet a combination of capital management, new business production, and risk transfer needs.

In-Force Management

Insurance portfolios with embedded longevity risk take decades to run off and can consume a significant proportion of an insurer’s risk and/or capital budget. Reinsurance solutions enable Ë¿¹ÏÊÓƵAPP’s partners to exit business lines, rebalance desired risk profiles, and recycle capacity into different or new ventures.

LV = Annuity Business Reinsurance Press Release

Manulife Longevity Transaction Press Release

Pension Plan Longevity De-risking

While a buy-out and full termination may be the end goal of any pension plan’s exit strategy, there are several intermediate options available to plans that wish to take steps in their de-risking process. Longevity risk transfer is a popular choice to offload an otherwise non-Hedgeable risk, stabilize liability profiles, and simplify investment strategies. Unlike a plan termination, Ë¿¹ÏÊÓƵAPP’s longevity de-risking solutions do not require fully funded status.

Sun Life Canada / Bell Canada Longevity Transaction

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David Lipovics, head of Ë¿¹ÏÊÓƵAPP's longevity solutions team, meets with a client

Why Ë¿¹ÏÊÓƵAPP? 

Ë¿¹ÏÊÓƵAPP aims to be your organization’s partner of choice and longevity expert. Through our significant global mortality business, we have access to insights and risk diversification that translate into benefits for our clients. We are a market leader in addressing longevity and pension risk transfer needs, from transacting with traditional insurance companies, banks, and pension plans to reinsuring both standard and medically underwritten business globally. Ë¿¹ÏÊÓƵAPP executed its first longevity reinsurance transaction in 2008 in the United Kingdom. Since then, Ë¿¹ÏÊÓƵAPP’s Global Financial Solutions team has expanded its longevity risk transfer solutions set for clients in the U.S., Canada, the Netherlands, France, Ireland, and Spain. 

In Canada, Ë¿¹ÏÊÓƵAPP executed the first in-force longevity transaction in 2010 and the first longevity transaction, including an underlying pension plan in 2015. Drawing on the extensive knowledge gained from other markets, Ë¿¹ÏÊÓƵAPP supported the U.S. Pension Risk Transfer market by executing the first longevity transaction in the U.S. in 2018. We are a pioneer in creating innovative and highly tailored solutions to support longevity, asset-intensive longevity (see: Asset-Intensive Solutions), and tail-risk transactions (see: Capital Solutions). 

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You Might Also Be Interested In ...

Acquisitions

Asset-Intensive Solutions

Capital Solutions

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Are you a Pension Risk Transfer Annuitant for Ë¿¹ÏÊÓƵAPP?

Ë¿¹ÏÊÓƵAPP provides pension risk transfer annuitants with benefit security, backed by our financial strength. Review our Frequently Asked Questions to learn more. 

Pension Risk Transfer Annuitant FAQ


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Let's Connect

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DAVID LIPOVICS
David Lipovics
Senior Vice President
Head of Institutional Markets
Americas Financial Solutions
QUENTIN MARSH
Quentin Marsh

Senior Vice President
North America
Global Financial Solutions

Bill Boyd
Bill Boyd
Vice President
Business Development
Global Financial Solutions
LIBBY CORCILLO
Elizabeth (Libby) Corcillo
Vice President, Business Development
Global Financial Solutions
Rene Cotting
René Cotting

Senior Vice President 
Asset Intensive 
Global Financial Solutions

Hamish Galloway
Hamish Galloway
Senior Vice President
Lines of Business and Innovation
Global Financial Solutions
Ryan Stevens
Ryan Stevens
Vice President, Business Development
Global Financial Solutions
Ë¿¹ÏÊÓƵAPP
Keith Politte
Keith Politte
Senior Vice President
Head of Business Development
Global Financial Solutions
Mellissa Lim
Mellissa Lim
Vice President
U.S. Pensions Business Development
Global Financial Solutions
Ted Law
Ted Law

Vice President & Actuary
Pension Risk Transfer Pricing
Global Financial Solutions

VICTORIA WHEELER
Victoria Wheeler
Executive Director
U.S. Pension Risk Solutions
Global Financial Solutions

Our Team Can Help

Ë¿¹ÏÊÓƵAPP is a pioneer in creating innovative and highly tailored solutions to support longevity, asset-intensive longevity (see Asset-Intensive Solutions), and tail-risk transactions (see Capital Solutions).

To learn more, please speak to one of our experts.

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