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Currently showing: Funding longer lives > Health/medicine


08 Apr 15 09:03

Dear community,

In 2014, about 70 billion have been paid out in life reinsurance premiums. This represents an increase of 27% in comparison to 2013, where 55 billion have been paid out in life reinsurance premiums.

In both 2012 and 2013, the world spent 50 billion each year in life reinsurance premiums.

I've unsuccessfully searched online for the reason(s) of this noticeable increase. Because 80% of the 70 billion paid in 2014 come from the US, Canada and the UK, I suspect that the reason is linked to one of these countries.

Can anyone offer an explanation? If it can be backed by an article or a report, that would be perfect since I need this information for my Bachelor thesis.

I attached a graph showing worldwide primary and reinsurance estimated premiums in both life and non-life sectors. The data comes from Swiss Re's annual report of respective years.

Thank you
Xavier


Category: Funding longer lives: Health/medicine, Long-term care, Longevity risk, Pension/retirement, Social contract, Other

Location: Worldwide


2 Comments

Roman Lechner - 8 Apr 2015, 2:32 p.m.

Dear Xavier

The 2014 figures include, in contrast to the previous years, also health care & medical expense reinsurance business which explains the major difference between 2013 and 2014.
Best regards, Roman

Xavier Theodoloz - 9 Apr 2015, 10:10 a.m.

Dear Roman,

I much appreciate your feedback. Thank you for the clarification.

Best regards,
Xavier


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