Industry Body Looks to Standardize Index-Based Longevity Swaps

Industry body develops standards to better support risk management

pretty-sagoo
Pretty Sagoo, director of structured insurance solutions, corporate banking and securities, Deutsche Bank

Longevity swaps may soon become a trend across Europe, as insurance firms seek to optimize their capital under the Solvency II regime's requirements for buffers in times of stress. With this in mind an industry body is defining population-based standards for this industry to encourage the growth of the longevity swap market.

The Life and Longevity Markets Association (LLMA) was started in 2009 by JP Morgan and Swiss Re. Its members now also include Aviva, Deutsche Bank, Morgan Stanley

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