Life

The Life market is going through a sustained period of change and development, creating unprecedented demand for Actuarial skills. Perhaps the most significant development affecting the industry is the build up to Solvency II, the requirements of which extend beyond the need for just Risk and Capital Management expertise. The pervasiveness of Solvency II and its associated legislation has created demand in areas as diverse as individual Product Pricing, Internal Model Development and Rationalisation and Regulatory and Financial Reporting.

Despite the Solvency II imperative, the Life industry continues to lead the way in innovation. Areas such as Longevity, Variable Annuities, Critical Illness and Asset Liability Modelling have developed to fill a market need and the Life market is perhaps the most nuanced and varied in terms of the subtlety and ingenuity of its products.

As a pure Search firm, Hanover Search Actuarial & Risk has had direct involvement in shaping the industry through placing top Actuarial talent in all the areas mentioned. The future of the Life Market is inexorably linked to the Actuaries driving forward the Industry’s development. Recent assignments have focused on products like Impaired and Enhanced Annuities, which reflect a reaction to the changing requirements of a new population demographic and on deploying Actuarial talent into new and emerging markets.

Hanover’s Life team are always available for a conversation, whether about your specific circumstances or the market in general.