Insurance for a better world

Research Topics document front page

Publication Date: 3rd July 2018

Author: Ronald Klein

Government-supported social retirement plans (Pillar I) are under extreme financial pressure due increased life expectancies and low fertility rates. Individuals are compelled to provide for themselves a suitable retirement through occupational pensions (Pillar II) and personal savings (Pillar III). The insurance industry can help as it is the only industry that accepts longevity risk as a core business, and is a long-term provider of lifetime annuities—an insurance that a person will not outlive their retirement savings.


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Research Brief: Annuitisation: Retirement Income That Lasts a Lifetime

Press release: Annuitisation as an insurance solution to people outliving their retirement savings

Multimedia hub: Insurance and Retirement Income