A2 - Funded reinsurance and the impact on the Pension Risk Transfer market
The use of funded reinsurance (reinsurance that transfers asset risk as well as demographic risk) has accelerated in recent years in the pension risk transfer market. Chris Anderson (PRT Consulting Lead) and Kenny Cheng (Life Insurance Capital Lead) from EY will discuss how this reinsurance works, how it is being used in the market, the benefits and risks for firms entering into these transactions and the possible future trajectory of this type of reinsurance including implications of Solvency II reform. Kunal Sood (Head of Reinsurance and Structuring at The Phoenix Group) will discuss how The Phoenix Group thinks about risk management for PRT transactions and how the use of funded reinsurance fits into their overall strategy.
Speakers: Chris Anderson and Kenny Cheng, EY, Kunal Sood, The Phoenix Group