BoE cautions insurers over higher life expectancy reinsurance

February 17, 2016 3:40 PM

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LONDON Feb 17 Britain's insurers should not reinsure themselves against people living longer in the belief that it will directly reduce the amount of capital they are required to hold, the Bank of England said on Wednesday.

Life insurers often insure themselves against so-called longevity risk -- the risk of increasing life expectancy resulting in higher than expected pension pay outs.

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