U.S. Annuity Issuers Have a Firm Grip on the Assets: S&P Global

October 1, 2024 by Allison Bell

U.S. life insurers appear to have taken two steps that could help them muddle through if conditions change.

One is using product features such as surrender-charge periods to keep customers from running in to pull out assets every time a cloud crosses the sky.

Another is relying heavily on offshore reinsurers to absorb reserve risk.

Analysts at S&P Global Market Intelligence, an arm of the same company that owns S&P Global Ratings, touch on those strategies in a new report on the U.S. life and annuity market.

Originally Posted at Think Advisor on September 25, 2024 by Allison Bell.