Dear Actuary: What are demographic and longevity risks?
A primer for plan sponsors on demographic and longevity risks and how they affect public pensions.
EIOPA, as part of the Solvency II 2020 review have suggested that all insurers should draft a Liquidity Risk Management Plan (LRMP). Insurers may also be asked to draft a Systemic Risk Management Plan (SRMP) by local regulators if they have a higher likelihood of creating or increasing systemic risk. This short briefing note looks at what other regulators have required to be included in LRMPs and SRMPs and may help with drafting these plans in advance of formal guidance from EIOPA.