A quick update on what I encountered at the recent fall meeting of the Life Insurance Settlement Association (LISA) meeting in the Big Apple this week.
The meeting was held at the Marriott Marquis (highly recommend staying at this hotel-perfect locale in Times Square and overall a really nice facility). The meetings were held Monday and Tuesday, covering a lot of legislation, tax and regulatory issues, pension funds investing in the space, carrier solvency and protection of death benefit, and life expectancy standards. I spoke with one of the organizers on Monday who indicated the turn-out was much better than expected with over 300 attendees.
I primarily focused on the life expectancies and participated in the panel discussion. The discussion was a break-out session and actually quite lively at times with a number of questions from the audience which made this quite enjoyable.The panel rolled out our completion of the Best Practices task force and discussed the major elements established. The Actuarial subcommittee is continuing to evaluate the feasibility of a standardized mortality table.
I enjoyed catching up with a number of my colleagues and LS friends and came away from the meeting feeling that there has been renewed interest in this space and an increase in activity felt by a number of the providers that service these transactions. Which is a welcome relief for most of us in this industry!
Quote of the day: Small opportunities are often the beginning of great enterprises.
Demosthenes (384 BC - 322 BC)
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I spoke with one of the organizers on Monday who indicated the turn-out was much better than expected with over 300 attendees. settlement quote
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