A good way to quickly & easily utilise more of our reserves without major product development. I'm very interested in the effect on ROE, I suspect it will be a lower margin business than direct annuity writing.
My only concern is the reporting of this business unit & currency exposure. To me we now need to have 3 segments, Life, Funds Management & Re-insurance.
Also curious how MS&AD apportion their risk, as part owners of their own re-insurance.
A good way to quickly & easily utilise more of our reserves...
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