A team of actuaries from the UK, US and Australia has identified five principles when managing the risk of people running out of money in retirement, according to a report.
Medical underwriting is not new to the bulk annuity transfer market, having been used by life insurers in recent years to price typically smaller schemes. It can also be used, though, to manage risk concentration in larger schemes through top-slicing, says Costas Yiasoumi
Phil Jeynes looks at the customer journey when applying for protection insurance, and asks what can be learned from other industries while growing the market in the process
