Conning Research: Changing Industry Risk Profile May Focus Life Insurers on Reinsurance Solutions

HARTFORD, Conn., July 7 /PRNewswire/ -- The financial crisis that began in 2008 has altered the risk profile of the life insurance industry, and insurers will be rethinking reinsurance solutions in response, according to a new study by Conning Research and Consulting.



"Life insurers and their customers have a heightened level of risk as a result of the financial crisis that began in 2008," said Terence Martin, analyst at Conning Research & Consulting. "The increased concern over risk profiles is changing the market for insurance and reinsurance products. Customers feel at greater risk, so will seek more comprehensive products from insurers. Moving upstream, insurers will look to reduce their own risk profile by using a variety of reinsurance services."



The Conning Research study, "Life Reinsurance: Opportunities for Growth in a New World" looks at the role of the life reinsurer both prior to, and after the financial crisis.



"Demand for life reinsurance had slackened from 2003-2008," said Stephan Christiansen, director of research at Conning. "That will almost certainly change now with the altered industry risk profile, and demand for reinsurance companies' capital relief and risk absorption products is facing a turn of a cycle. As a result, reinsurers have opportunities to tailor products to meet the needs of specific companies, particularly while capital from other sources is constrained."




"Life Reinsurance: Opportunities for Growth in a New World" is available for purchase from Conning Research & Consulting by calling (888) 707-1177 or by visiting the company's web site at www.conningresearch.com.



About Conning Research & Consulting

Conning Research & Consulting provides insurance industry analysis to insurers and industry stakeholders. Its published research includes market coverage of 30 segments of the industry in addition to industry forecasting and identification and analysis of major strategic issues. As a result of its wealth of experience and intimate knowledge of the insurance industry, Conning understands industry challenges and opportunities and provides in-depth analyses on a wide range of industry products and issues. The Conning name has represented excellence in independent insurance industry research for 50 years. Conning Research & Consulting is a division of Conning, a provider of asset management and insurance industry research and consulting services to insurers. Conning is headquartered in Hartford, CT.



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SOURCE Conning Research and Consulting