Insurance news from Swiss Re shows need for longevity risk coverage

Insurance News on Insurance Market Calculations

The reinsurer points out a new market solution requirement in the industry. According to Swiss Re’s latest insurance news announcement, the capacity of insurers is not great enough to cover approximately $23 trillion of the pension liabilities around the world against the risk that policyholders will be living longer than originally anticipated. They recommend that the risk of longevity should be passed through to the investors. This insurance news was made in the second largest global reinsurer’s recent report. In this document, they pointed out that for every additional year…

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