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An Introduction to Offshore Life Assurance Business

Published online by Cambridge University Press:  10 June 2011

G.F. Boal  and
L.S. Tyrer
G.F. Boal
Affiliation:
Boal & Co, Harbour Mews, Parliament Square, Castletown, Isle of Man, IM9 1LA, U.K. Tel: +44 (0)1624 824181; Fax: +44 (0)1624 824486; E-mail: gboal@lifebase.co.uk
L.S. Tyrer
Affiliation:
Eagle Star International, Eagle Star House, Athol Street, Douglas, Isle of Man, IM99 1EF, U.K. Tel: +44 (0)1624 691052; Fax: +44 (0)1642 691584
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Abstract

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Over the last 10 years, in centres surrounding the United Kingdom, a cross-border insurance industry has been developing — an industry which is exporting British expertise in life assurance and investment products on a large scale to a world-wide market.

The industry is offshore life assurance. The purpose of this paper is principally to outline what this industry is and why it exists.

The particular financial management and operational management issues resulting from this activity are highlighted and explored in subsequent sections. The paper concludes with an assessment of market trends and future development in what is a very young, dynamic and highly competitive market.

Keywords

OffshoreCross-BorderInternationalLife Insurance
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 1 , Issue 3 , 01 August 1995 , pp. 421 - 469
Copyright
Copyright © Institute and Faculty of Actuaries 1995