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Who's taking action

Annuities and longevity insurance

As the bar chart shows, the size and number of annuity deals has increased steadily with a record $4.6 billion in 2018.

  • In 2007, there were just over $1 billion of annuity sales.
  • In 2013, we hit the $2 billion mark.
  • In 2019, we exceeded $5 billion.

Source: LIMRA

Source: LIMRA Secure Retirement Institute

Who's de-risking?

Click below to read their de-risking story

Globally, pension de-risking took off in the mid-2000s as companies began to feel the pain of their pension plans.

 

 

In the U.S., more than US$26 billion worth of annuity deals were completed in 2018. High profile names include: General Motors, Verizon, Lockheed Martin, Kimberly-Clark.

 

Source: LIMRA

 

 

In the U.K., more than £25.7 billion in annuity and longevity insurance were completed in 2018. High profile names include: British Airways, Rolls-Royce, Lockheed Martin, BMW.

 

Source: Willis Towers Watson

 

 

  • Liability driven investments

    An increasing number of sponsors are looking closely at their investments to reduce their equity and implementing glide paths to de-risk.