insurance paying others on insured's death insurance that pays a specified sum to the insured person's beneficiaries after the person's death.
But how much future proofing can and should be given? I achieved this by attaching a shelf life to quarterly conclusions. This is a concept where I vary how long my assurance conclusions are likely to remain valid, depending on certain broad criteria. For example, if the control environment
By Simon D'Arcy
In 2011 he won the Robert I. Mehr award from the American Risk and Insurance Association for his paper on mortality risk transfers. The paper stimulated development of a new global capital market in mortality risk transfers between pension funds, life assurers, and capital market investors, leading to the world’s first pension buy-out in 2006 and first pension buy-in and longevity swap in 2007.
Definitions of ’life assurance’ and meaning of ’life assurance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’life assurance’ and other financial terms with our online QFINANCE Financial Dictionary.