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Life Reinsurance

Sharing mortality risk on individual and group life, from death benefits to credit life and annuity reinsurance.

Life

We help life insurers manage mortality volatility, free capital and expand capacity. Structures range from proportional quota-share and surplus treaties to non-proportional catastrophe and per-life excess of loss.

Power Re approaches this line as a specialist: we assess each risk on its own merits, price it with actuarial rigor, and structure cover that genuinely fits the cedant’s exposure and objectives, never a one-size template.

Structures

How we structure it

The structures we most often deploy for this line, proportional and non-proportional, tailored to your book.

Death Benefits

We share the risk of death claims, even on high-value policies.

Credit Life

Cover for loan-linked life portfolios with rapid scaling.

Annuity

Security for annuity payouts under volatile markets.

Risk

Key risks & considerations

What we focus on when we underwrite this line.

Mortality level and trend, including the pandemic tail.
Large single lives and high sums assured.
Underwriting quality and anti-selection.

Our appetite

Individual and group life books with sound underwriting and reliable mortality data.

Technical note

Structures span quota-share and surplus for capacity, and per-life or catastrophe XoL for volatility and the mortality tail.

Models

Actuarial modeling

The frequency and severity models we use to price this line, and the loss it aggregates to.

Frequency models

Binomial (lives)Poisson (deaths)

Severity models

Fixed sum assuredEmpirical distribution of sums

Expected mortality claims

$$E[S]=\sum_{x} n_x\,q_x\,\mathrm{SA}_x$$

n_x lives aged x, q_x the one-year mortality rate, SA the sum assured.

Illustrative mortality

Age x	q_x per 1,000
30	1.0
40	1.8
50	4.2
55	6.5
60	10.5
65	17.0
70	27.0

Illustrative one-year mortality rates. Actual pricing uses recognized valuation and industry mortality tables.

Discipline

Our underwriting approach

The discipline is the same across every line we write.

Risk selection

We assess each risk on its merits and let marginal business go, growth by quality, not volume.

Pricing discipline

Experience and exposure rating, credibility-weighted, load the price for volatility and cost of capital.

Accumulation control

Clear limits manage concentration by event, geography and cedant across the portfolio.

Claims partnership

Fast, fair and transparent claims handling, the moment our promise is tested.

Why Power Re

Why cede Life Reinsurance to Power Re

✓
Specialist expertise
Deep technical knowledge of the line and of the Latin American market.
✓
Fast, clear decisions
A timely yes or no, with terms and capacity you can rely on.
✓
Financial strength
13× regulatory solvency coverage and a disciplined retrocession program.
✓
Long-term partnership
We co-design programs and stand with cedants through the cycle.

Let’s build resilient portfolios together

Partner with a reinsurer that combines technical discipline, financial strength and deep regional insight.

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