Conning Research: Changing Industry Risk Profile May Focus Life Insurers on Reinsurance...
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Conning Research: Changing Industry Risk Profile May Focus Life Insurers on
Reinsurance Solutions
HARTFORD, Conn., July 7 /PRNewswire/ -- The financial crisis that began in
2008 has altered the risk profile of the life insurance industry, and insurers
will be rethinking reinsurance solutions in response, according to a new study
by Conning Research and Consulting.
"Life insurers and their customers have a heightened level of risk as a result
of the financial crisis that began in 2008," said Terence Martin, analyst at
Conning Research & Consulting. "The increased concern over risk profiles is
changing the market for insurance and reinsurance products. Customers feel at
greater risk, so will seek more comprehensive products from insurers. Moving
upstream, insurers will look to reduce their own risk profile by using a
variety of reinsurance services."
The Conning Research study, "Life Reinsurance: Opportunities for Growth in a
New World" looks at the role of the life reinsurer both prior to, and after
the financial crisis.
"Demand for life reinsurance had slackened from 2003-2008," said Stephan
Christiansen, director of research at Conning. "That will almost certainly
change now with the altered industry risk profile, and demand for reinsurance
companies' capital relief and risk absorption products is facing a turn of a
cycle. As a result, reinsurers have opportunities to tailor products to meet
the needs of specific companies, particularly while capital from other sources
is constrained."
"Life Reinsurance: Opportunities for Growth in a New World" is available for
purchase from Conning Research & Consulting by calling (888) 707-1177 or by
visiting the company's web site at www.conningresearch.com.
About Conning Research & Consulting
Conning Research & Consulting provides insurance industry analysis to insurers
and industry stakeholders. Its published research includes market coverage of
30 segments of the industry in addition to industry forecasting and
identification and analysis of major strategic issues. As a result of its
wealth of experience and intimate knowledge of the insurance industry, Conning
understands industry challenges and opportunities and provides in-depth
analyses on a wide range of industry products and issues. The Conning name has
represented excellence in independent insurance industry research for 50
years. Conning Research & Consulting is a division of Conning, a provider of
asset management and insurance industry research and consulting services to
insurers. Conning is headquartered in Hartford, CT.
Contact: Anne Steinberg
Kitchen Public Relations, LLC
212-687-8999
anne@kitchenpr.com
SOURCE Conning Research and Consulting
Anne Steinberg of Kitchen Public Relations, LLC, for Conning Research &
Consulting, +1-212-687-8999, anne@kitchenpr.com
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