Life Insurance Securitization - The Actuaries' Club of the Southwest
Life Insurance Securitization - The Actuaries' Club of the Southwest
Life Insurance Securitization - The Actuaries' Club of the Southwest
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Reinsurance has traditionally beenpreferred for managing reserve and capital strain• Insurers have historically relied on <strong>of</strong>fshore reinsurance tomanage reserve and capital strain on selected insuranceproducts; for example:• Term insurance subject to Regulation XXX• Universal life insurance subject to Guideline AXXX• Generally requires LOC or o<strong>the</strong>r collateral• Two main risks exist with regard to reinsurance LOCs:• Lack <strong>of</strong> reinsurance LOC capacity, particularly in futureyears• Uncertainty regarding LOC costs©Towers Perrin4
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