The Annuities market is changing – volumes are increasing, case sizes are increasing and there is more use of fully-underwritten annuities with client specific ratings.
The Financial Services Authority are making an increasing effort to encourage policy holders to exercise their OMO and this poses a number of issues for insurers including how to use the new pricing factors, how to collect the relevant underwriting information and how transition the annuity purchase process.
How can Redmayne help?
Redmayne brings expertise from protection business including:
- Dynamic analysis of the effects and interaction of rating factors using all relevant data
- Reinsurance placement of underwritten new business
- Protective value of different underwriting options.
Redmayne has been involved in a number of system and proposition developments that can bring together the necessary information collection and processing for underwriting and policy holder administration.
Please get in contact with us if you would like to know more about how we can help you.