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Developments in the Management of Annuity Business

Published online by Cambridge University Press:  02 December 2011


The focus of the paper is non-profit lifetime annuities in the UK. Annuity insurers have been faced with, or have initiated, an unprecedented amount of change during the last decade, and rapid change is still continuing. We draw out implications for the actuarial management of the business, arising from the evolution of: longevity risk assessment and management, investment strategy and operations, financial reporting, and enterprise risk management. We discuss Solvency II in some technical depth, analysing the proposed rules for technical provisions and solvency capital requirement.

Sessional meetings: papers and abstracts of discussions
Copyright © Institute and Faculty of Actuaries 2011

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