Global life-annuity reinsurers' capital management strategies evolve to achieve target returns and meet the needs of cedents

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<title>Global life-annuity reinsurers' capital management strategies evolve to achieve target returns and meet the needs of cedents</title>
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<namePart>Kohlberg, Edward</namePart>
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<namePart>Laskarides, Stratos</namePart>
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<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">The text explains how global life and annuity reinsurers are adapting their capital management strategies to meet target returns and support cedents' needs. It emphasizes the growing use of reinsurance as a strategic tool, especially in the expanding U.S. annuity market, and the adoption of risk-based approaches. Reinsurers are designing solutions tailored to both liabilities and assets, while facing rising competition from new entrants. Despite this, the industry remains well-capitalized and is leveraging improved underwriting and artificial intelligence trends to grow. There's also a strong focus on managing pricing risks and boosting sales to address protection gap</abstract>
<tableOfContents displayLabel="Contents">Reinsurance leverage continues to increase for US cedents -- Treaties deploying coinsurance with funds withheld or trusts to manage capital -- Japanese cedents seek to unlock capital -- Steady focus for traditional and liability-driven life reinsurance players -- Invesment opportunities continue -- The path forward looks familiar, but risks remain</tableOfContents>
<note type="statement of responsibility">Edward Kohlberg, Kohlberg Laskarides</note>
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<topic>Renta vitalicia</topic>
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<topic>Inteligencia artificial</topic>
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<title>Best's market segment report</title>
<partNumber>August 28, 2025</partNumber>
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