life ils ecosystem gareth mee
play

Life ILS Ecosystem Gareth Mee Partner | EY ELSA-SLS.ORG - PowerPoint PPT Presentation

Life ILS Ecosystem Gareth Mee Partner | EY ELSA-SLS.ORG INFO@ELSA-SLS.ORG Consider Life ILS through three lenses Investment Capital Liability provision transfer ELSA-SLS.ORG INFO@ELSA-SLS.ORG Investment A wave of new capital providers


  1. Life ILS Ecosystem Gareth Mee Partner | EY ELSA-SLS.ORG INFO@ELSA-SLS.ORG

  2. Consider Life ILS through three lenses Investment Capital Liability provision transfer ELSA-SLS.ORG INFO@ELSA-SLS.ORG

  3. Investment A wave of new capital providers take interest in insurance Capital Liability provision transfer Apollo lists US insurance vehicle Athene and creates European entity Athora ELSA-SLS.ORG INFO@ELSA-SLS.ORG

  4. Investment A tough market in which to make returns – UK example Capital Liability provision transfer 5% Social housing loan Infrastructure Loan 4% Equity release mortgage loan Aviation bond BBB corporate bond Student housing Student loan loan CMBS AA 3% A corporate bond Returns p.a. UK RMBS Private placement AAA CRE loan AA corporate bond loan Res. Mortgage Loan AAA corporate bond 2% Gilt curve Trade finance Swap curve Infrastructure loans 1% Real estate backed loans Other asset backed securities Other unsecured assets 0% 0 5 10 15 20 Indicative Modified Duration ELSA-SLS.ORG INFO@ELSA-SLS.ORG Source: EY proprietary analysis based on template from IFOA

  5. Investment Competition is high; capital ratios are misleading Capital Liability provision transfer Source: EIOPA statistics Source: IMF World Insurance report 2018 ELSA-SLS.ORG INFO@ELSA-SLS.ORG

Download Presentation
Download Policy: The content available on the website is offered to you 'AS IS' for your personal information and use only. It cannot be commercialized, licensed, or distributed on other websites without prior consent from the author. To download a presentation, simply click this link. If you encounter any difficulties during the download process, it's possible that the publisher has removed the file from their server.

Recommend


More recommend