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Aliquid capital market in longevity risk can ensure the long-term funding of people’s longer lives, Swiss Re said in its latest publication, “A mature market: Building a capital market for longevity risk”.
Lloyd’s has posted a profit of GBP1.53 billion (US$2.4 billion) for the six-month period to 30 June 2012, the highest interim profit in five years.
Global insurance prices continued to rise in the third quarter of 2012, continuing the slow but steady trend that began in the second half of 2011. According to the Marsh Risk Management Global Insurance Index, a composite of changes in insurance costs over a rolling 12-month period, prices across major lines of insurance increased by 0.9% in the third quarter.