Life Settlements: Technology and Service Providers
Report Summary
Life Settlements: Technology and Service Providers
The life settlements industry will transact approximately US $13 billion annually from 2010 to 2013.
Boston, MA, January 27, 2010 – A new report from Aite Group, LLC presents an overview of the life settlements industry and the key operational and IT trends impacting it. Based on more than 30 interviews with senior stakeholders in the life settlements industry, including vendors and their clients, the report outlines the operational models prevalent in the industry and profiles 19 technology vendors and service providers.
Life settlements, the secondary market for life insurance policies sold by their policyholders for an amount greater than the surrender value, faces an uncertain future due to the constrained capital environment and decreased taste for innovative financial products brought on by the credit crisis. Difficulties in estimating the life expectancies of the insured also play a part. The industry will benefit as evolving state regulatory regimes legitimize its core offerings, helping it gain acceptance among life insurance distributors. Industry optimists anticipate robust life settlements volumes in coming years, while pessimists present a more conservative figure. Based on available evidence, Aite Group estimates that the life settlements industry will chart a middle course, recovering from a subpar 2009 to transact approximately US$13 billion annually from 2010 to 2013, providing opportunities for savvy and well-positioned technology and service providers as the vendor landscape evolves and rationalizes.
"As a non-standardized institutional financial services market, the life settlements industry supports a rapidly changing ecosystem of technology vendors and service providers," says Clark Troy, senior analyst with Aite Group and author of this report. "Best practices and delivery paradigms for service providers have not solidified. Service providers are competing vigorously to establish pre-eminence and position themselves for various industry growth scenarios."
The report profiles 19 technology and service providers to the life settlements industry, including 21st Services, Advanced Underwriting Solutions, American Viatical Services (AVS), Cantor LexNet, ClearLife, Data Life, Examination Management Services Incorporated, Fasano Associates, ISC Services, Life-Exchange, Life Equity, Life Policy Dynamics, Life Policy Trader, MAPS, Medisummary, MLF LexServ, NorthStar Life Services, Torrey Pines Services, and Value Life Corporation.
This 58-page Impact Report contains nine figures. Clients of Aite Group's Life Insurance service can download the report.