Impact of Covid-19 on the assumption setting for Life Insurance products

Justine Morrissey, Marinos Savvides, Natalia Mirin

• Impact of Covid-19 on new business
• Factors informing difference in impact between regions
• Considerations for setting assumptions:
• Persistency
• Expenses and expense inflation
• Charges for unit-linked business
• Economic assumptions
• Bonus rates for participating products
• Impact on margins over and above best estimates
• Conclusions

27 April 2021