Life Insurance Securitisation in Europe: An Overview on the Effects of Alternative Capital Resources and its Relation to Regulator and IFRS Guidelines

NRG Working Paper No. 05-05

21 Pages Posted: 19 Apr 2006

See all articles by Andre B. Dorsman

Andre B. Dorsman

Vrije Universiteit Amsterdam, School of Business and Economics

André E. Thibeault

Nyenrode University

Pieter Walhof

Nyenrode University

Date Written: November 2005

Abstract

Recently Life Insurance Securitisation practices have been probed in dedicated areas to access the wider capital markets. These developments have shown a rising interest among leading insurers and reinsurers to start building experience with securitisation practices, either for risk transfer, raising additional capital or a combination of these. As these structures have proven to be cost effective and generally accepted in the banking segment it is foreseen that securitisation can become an accepted method in insurance environments too in the foreseeable future.

This paper provides an overview of recent practices in Life Insurance Securitisation and aims to demonstrate that Life Insurance Securitisation has viable potential for insurance companies in the future to reduce the cost of (regulatory) capital and transferring risk to the capital markets.

Keywords: Life Insurance Securitisation, risk transfer, capital raising

JEL Classification: G2

Suggested Citation

Dorsman, Andre B. and Thibeault, André E. and Walhof, Pieter, Life Insurance Securitisation in Europe: An Overview on the Effects of Alternative Capital Resources and its Relation to Regulator and IFRS Guidelines (November 2005). NRG Working Paper No. 05-05, Available at SSRN: https://ssrn.com/abstract=896514 or http://dx.doi.org/10.2139/ssrn.896514

Andre B. Dorsman (Contact Author)

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

André E. Thibeault

Nyenrode University ( email )

3621 BG Breukelen
Netherlands

Pieter Walhof

Nyenrode University ( email )

Straatweg 25
3621 BG BREUKELEN
Netherlands

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