Who Should Watch
LIMRA/LOMA or ACLI/IRI members who are interested in learning how the current low interest rate environment is affecting our industry.
LL Global (LIMRA, LOMA) partnered with Oliver Wyman and ACLI to form a low interest rate task force. The group is led by an executive steering committee of twelve current and former LL Global board members from twelve member companies. The task force is comprised of over 100 senior leaders from across the industry participating in subcommittee work focused on three areas: Readiness/Advocacy, Customer/Distribution, and International (lessons learned from low rate countries).
In light of the recent outbreak of COVID-19 and the sharp decline in rates from the beginning of the year we accelerated the work on advocacy and company readiness. The ACLI and IRI are running full speed ahead with a list of advocacy priorities requiring immediate attention.
We gathered additional executives to focus on six readiness “sprint" topics: variable annuity/fixed indexed annuity hedging, new business and product, asset-liability management, cash flow testing, COVID-19 mortality/morbidity, and social distancing and distribution. The objective of these sprints was to develop best practices for the industry.
This webinar will cover the key findings and survey results of the “sprint" readiness topics as well as progress on related advocacy efforts.
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