Reinsurer said it will focus on working with existing clients and regulators to redesign products "that respond to changing societal needs and give consumers more certainty."
The reinsurer is also expecting insurers to focus on the “decumulation phase,” offering products like annuities and long-term care to address longevity risk.
Business insolvencies around the world are expected to rise for a fifth consecutive year, with a 6% increase expected in 2025 and 5% in 2026 before easing slightly by 1% in 2027.
