Steady Life Settlement Growth Continues Despite Current Economic Turbulence

October 30, 2023

HARTFORD, CT – October 30, 2023 – The economy in 2022 through October 2023 has been marked by higher interest rates and greater uncertainty with the potential for a recession looming overhead. Given this economic turbulence, what is the outlook for continued life settlement growth?

Conning’s Life Settlements: Steady Growth Ahead is its 18th annual life settlement review that examines the key forces fueling continued growth within the life settlement industry.


“Conning’s analysis of the factors driving life settlement growth are mostly positive. Consumers are likely to seek additional sources of income to offset economic pressures. Investor demand for alternative assets remains strong. Both factors are positive for life settlement growth,” said Roberta Lauria, an AVP of Insurance Research at Conning.


“Economic factors are favorable for continued growth as higher interest rates improve UL (universal life) crediting rates. In addition, the combination of inflation, equity market volatility, and potential recession may lead to greater life settlements as policy owners consider opportunities to reduce their costs or generate more income. The strength of the insurance companies whose policies have been settled continue to be above the industry average,” said Scott Hawkins, Head of Insurance Research at Conning. “Given the favorable nature of the drivers of life settlement market growth, our forecast for the life settlement market is steady growth in both the annual face amount of new policies settled and the gross market over the period of 2023 through 2032.”


The Conning study, “Life Settlements: Steady Growth Ahead” analyzes the life settlement market and asset class. The study reviews the current market for life settlements and presents our forecast for 2023-2032. Further, the study analyzes the performance of insurers targeted by life settlements investors.


Life Settlements: Steady Growth Ahead is available for purchase from Conning by calling (888) 707-1177 or by visiting here.


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Conning ( is a leading investment management firm with a long history of serving the insurance industry. Conning supports institutional investors, including insurers and pension plans, with investment solutions, risk modeling software, and industry research. Founded in 1912, Conning has investment centers in Asia, Europe and North America.

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