Despite a decrease in new life policies settled in 2009, the cumulative in-force block of settled policies will likely have an impact on some insurers and reinsurers, according to a new study by Conning Research & Consulting. 

“The life settlements industry has generally targeted a small number of insurers’ universal life policies with higher face amounts,” said Scott Hawkins, analyst at Conning Research & Consulting. “Our analysis of the targeted firms’ universal life experience indicates that we may well see a significant impact to either primary insurers, or to reinsurers to the extent that the primaries have been able to reinsure the higher face amount policies.”

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