UK:
Market Consistent Embedded Value
Solid growth amid a changing regulatory landscape
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2013 was a good year for market performance, with signs of
recovery from the financial crisis.
Life insurance companies' embedded values continue to be
very sensitive to market performance. Higher reference rates,
narrower sovereign debt spreads, improved equity markets and lower
volatilities have all contributed to improved returns on embedded
value.
Regulatory changes played a significant role in the value of new
business over the year and we expect this to continue. We look at
how insurers have responded to the regulatory challenges they are
currently facing.
We continue to observe improving market sentiment towards the
life insurance industry, and we explore in greater depth the
market's view of the industry.
This report also highlights any similarities or differences in
approach used by the companies in our sample and any changes
undertaken to align the current approaches to the latest Solvency
II developments, now that there is more certainty around the
regulation.
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Market Consistent Embedded Value - Solid growth amid a changing
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