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Insurance Markets Key Concepts

Key Concepts

Key Concepts provide you with definitions of buzzwords appearing in the media to ensure that you are up to speed with the current finance conversation. Produced in snapshot, glossary form, Key Concepts direct you to additional material to increase your knowledge and satisfy your interest.

  • Longevity Insurance
    Longevity insurance is designed to protect pension funds against the costs of its pensioners living longer than expected. In 2006, there were reports that the global market in trading the “longevity risk” faced by pension funds could eventually outstrip the huge credit derivatives market. However, it took until 2009 for the concept to be first launched when Babcock International and RSA in the UK became the first companies to take out longevity...

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