Life Insurance Securitization - The Actuaries' Club of the Southwest

ePAPER READ

DOWNLOAD ePAPER

acsw.us

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

START NOW

Closed block securitizations general structureDividendsIntermediateHoldingCompanyCapitalCashPrincipal andInterest*InvestorsOperatingCompany* Principal and Interest payments made on general debt obligation of theintermediate holding company. Third party bond insurer provides a “wrap”to assure payments of principal and interest.©Towers Perrin11

Simplified Issue Product/Middle Market Issues - The Actuaries' Club ...

Page 2 and 3: AgendaOverview of LifeInsuranceSecu
Page 4 and 5: What is life insurance securitizati
Page 6 and 7: Securitization is gainingmomentum a
Page 8 and 9: AgendaOverview of LifeInsuranceSecu
Page 10: Two closed blocksecuritizations hav
Page 15 and 16: Securitization of terminsurance red
Page 17 and 18: Sample structure forsecuritization
Page 19 and 20: A similar structure could be employ
Page 21 and 22: Developing a securitization structu
Page 23 and 24: The actuary’s role involves desig
Page 25: When stress testing the model, it i

Life Insurance Securitization - The Actuaries' Club of the Southwest

Create successful ePaper yourself

Delete template?

Save as template?